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 | |
---|---|---|---|---|---|---|
EHL | A | 0.865 | -0.57 | 528,347 | 1.85 | |
HCW | C | 1.155 | 1.76 | 1,847,022 | 1.82 | |
MOT | A | 2.170 | 0.93 | 1,042,789 | 1.68 | |
GTN | C | 0.457 | 2.70 | 385,007 | 1.29 | |
ALX | C | 4.900 | -0.81 | 3,703,538 | 1.26 | |
INA | A | 5.170 | 0.39 | 1,075,143 | 1.22 | |
TGF | D | 1.490 | -1.32 | 146,506 | 1.22 | |
QUB | A | 3.980 | -0.50 | 2,793,315 | 1.21 | |
HVN | A | 4.900 | 2.30 | 2,014,040 | 1.16 | |
TLS | A | 3.950 | 1.02 | 22,026,492 | 1.15 | |
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