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 | |
---|---|---|---|---|---|---|
TWE | D | 11.170 | 3.23 | 4,956,140 | 1.77 | |
TPG | D | 4.500 | 1.12 | 1,015,669 | 1.10 | |
AFG | C | 1.620 | 0.93 | 252,052 | 1.09 | |
CIP | D | 3.010 | 0.33 | 1,593,879 | 1.03 | |
QUB | B | 3.890 | -0.51 | 2,155,712 | 0.95 | |
MND | D | 12.510 | 0.72 | 162,499 | 0.91 | |
TLC | B | 5.060 | 0.00 | 2,334,818 | 0.87 | |
BKW | B | 27.180 | 0.52 | 171,079 | 0.82 | |
CQR | C | 3.420 | 0.00 | 919,047 | 0.74 | |
BSL | C | 20.870 | -0.38 | 1,099,915 | 0.68 | |
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