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 | |
---|---|---|---|---|---|---|
DVP | C | 2.220 | -5.93 | 887,223 | 1.32 | |
CVL | A | 1.330 | 0.00 | 194,824 | 1.26 | |
TWE | F | 10.470 | -1.60 | 2,760,519 | 1.22 | |
MGR | D | 1.935 | -1.02 | 14,770,659 | 1.21 | |
HUB | B | 75.990 | 1.05 | 264,799 | 1.16 | |
PIXX | A | 5.010 | -0.60 | 194,881 | 1.15 | |
ALA | A | 0.195 | -2.50 | 1,379,309 | 1.05 | |
NHC | A | 4.930 | -0.80 | 2,137,471 | 1.04 | |
BSL | D | 20.130 | -1.76 | 1,337,607 | 1.00 | |
SDF | B | 5.870 | -2.17 | 2,229,942 | 0.95 | |
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