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 | |
---|---|---|---|---|---|---|
IPG | B | 4.860 | -0.41 | 339,979 | 1.57 | |
ELD | C | 8.670 | 0.81 | 430,979 | 1.07 | |
SOL | B | 34.880 | 0.61 | 362,380 | 0.99 | |
MOT | C | 2.160 | 0.00 | 529,194 | 0.90 | |
RFF | D | 1.940 | 0.26 | 462,801 | 0.89 | |
OPH | A | 2.740 | 0.37 | 195,847 | 0.84 | |
PCI | B | 1.130 | -0.44 | 576,179 | 0.80 | |
JHX | D | 53.160 | -0.97 | 868,101 | 0.73 | |
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