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 | |
---|---|---|---|---|---|---|
EEG | A | 0.190 | 2.70 | 2,451,957 | 7.34 | |
BFG | A | 1.350 | 0.00 | 293,519 | 2.55 | |
MIN | B | 68.240 | -1.66 | 1,373,427 | 1.50 | |
WLE | A | 1.400 | 0.00 | 1,415,140 | 1.48 | |
FLT | D | 19.990 | -5.08 | 1,397,250 | 1.47 | |
COF | C | 1.185 | -1.66 | 1,125,187 | 1.45 | |
DEG | A | 1.350 | -0.37 | 6,206,136 | 1.39 | |
RFF | C | 1.950 | 0.00 | 670,237 | 1.32 | |
APE | D | 12.850 | -0.62 | 441,294 | 1.25 | |
CLW | D | 3.440 | -0.86 | 1,615,141 | 1.19 | |
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