Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
EDV | C | 5.150 | -3.92 | 14,272,985 | 3.42 | |
WMI | C | 1.450 | -1.02 | 686,613 | 3.37 | |
AMC | B | 14.450 | 4.56 | 3,645,961 | 1.96 | |
WOR | F | 14.870 | -1.46 | 3,879,058 | 1.81 | |
COL | B | 16.400 | 1.11 | 4,151,814 | 1.32 | |
AND | C | 2.410 | -1.23 | 286,053 | 1.30 | |
MGR | D | 2.060 | 0.00 | 13,446,181 | 1.12 | |
PL8 | C | 1.185 | -1.25 | 536,016 | 0.99 | |
CLW | D | 3.390 | 0.00 | 1,259,146 | 0.93 | |
EVT | B | 11.780 | -2.08 | 114,129 | 0.85 | |
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