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 | |
---|---|---|---|---|---|---|
CWY | B | 2.710 | 4.23 | 17,110,601 | 4.37 | |
ATA | D | 0.820 | 2.50 | 370,075 | 2.98 | |
NHF | D | 7.560 | 0.13 | 2,345,832 | 2.58 | |
DSE | D | 0.275 | 3.77 | 902,974 | 2.03 | |
BWP | B | 3.540 | 0.57 | 1,896,394 | 1.55 | |
AND | C | 2.400 | 0.00 | 378,213 | 1.53 | |
ASK | D | 1.120 | -0.44 | 1,570,337 | 1.40 | |
RFF | C | 1.980 | -0.50 | 690,864 | 1.37 | |
APE | D | 12.670 | -3.72 | 441,198 | 1.24 | |
AMC | D | 13.810 | -1.85 | 2,002,244 | 1.06 | |
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