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 | |
---|---|---|---|---|---|---|
RFF | D | 1.960 | -1.01 | 1,074,490 | 2.48 | |
CQR | B | 3.600 | -1.64 | 2,399,869 | 1.78 | |
TWE | D | 10.750 | -2.01 | 4,305,930 | 1.60 | |
MCE | C | 0.350 | 2.94 | 197,292 | 1.54 | |
WOW | C | 33.790 | -3.40 | 2,960,274 | 1.32 | |
WAX | A | 1.200 | 1.27 | 143,603 | 1.19 | |
COE | C | 0.195 | 0.00 | 3,972,018 | 1.13 | |
DXI | A | 2.920 | -1.02 | 402,163 | 1.11 | |
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