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 | |
---|---|---|---|---|---|---|
PPC | B | 1.205 | 0.00 | 1,539,210 | 7.82 | |
PWR | D | 2.200 | -1.35 | 537,021 | 3.33 | |
TIE | C | 0.615 | 2.50 | 5,107,198 | 2.19 | |
EHL | B | 0.710 | -0.70 | 547,673 | 1.49 | |
NHF | C | 7.860 | 1.03 | 1,245,284 | 1.41 | |
CWY | A | 2.720 | 1.12 | 4,831,565 | 1.33 | |
BWP | B | 3.610 | 1.40 | 1,451,725 | 1.28 | |
GPT | B | 4.570 | 1.78 | 5,550,878 | 1.26 | |
KLS | D | 5.780 | 0.52 | 592,903 | 1.24 | |
TCL | C | 13.320 | 1.14 | 6,198,802 | 1.17 | |
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