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 | |
---|---|---|---|---|---|---|
BWP | B | 3.520 | 0.00 | 10,221,287 | 8.54 | |
RHC | D | 51.080 | 0.00 | 755,731 | 1.81 | |
CWY | C | 2.600 | 0.00 | 5,329,896 | 1.48 | |
DEG | B | 1.330 | 0.00 | 6,062,730 | 1.30 | |
BAP | C | 5.810 | 0.00 | 1,110,761 | 1.27 | |
ALU | A | 65.340 | 0.00 | 1,334,724 | 1.11 | |
DSE | D | 0.265 | 0.00 | 460,769 | 1.07 | |
IPX | C | 2.160 | 0.00 | 371,179 | 1.06 | |
COF | C | 1.215 | 0.00 | 819,371 | 1.03 | |
CLW | C | 3.490 | 0.00 | 1,302,484 | 0.98 | |
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