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 | |
---|---|---|---|---|---|---|
FAR | A | 0.520 | 0.00 | 557,571 | 4.43 | |
KYP | A | 0.120 | 4.35 | 1,318,784 | 2.59 | |
DOC | B | 0.073 | 2.82 | 326,880 | 2.06 | |
IPG | C | 4.780 | -1.65 | 458,361 | 2.04 | |
MOT | D | 2.150 | -0.46 | 1,098,773 | 1.83 | |
RFF | D | 1.950 | 0.52 | 493,291 | 0.94 | |
IPH | F | 5.660 | 0.00 | 730,048 | 0.89 | |
SOL | B | 34.950 | 0.20 | 279,553 | 0.77 | |
CQR | D | 3.530 | 0.28 | 993,847 | 0.70 | |
JHX | D | 52.170 | -1.86 | 717,463 | 0.61 | |
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