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 | |
---|---|---|---|---|---|---|
IPH | D | 5.860 | 0.00 | 1,782,646 | 2.30 | |
MHHT | A | 1.845 | 0.00 | 332,999 | 2.06 | |
RFF | D | 1.960 | -0.25 | 856,338 | 1.71 | |
PMC | A | 1.420 | 0.00 | 470,748 | 1.30 | |
HLI | B | 4.040 | -0.74 | 903,173 | 0.99 | |
ELD | D | 8.540 | 0.00 | 396,118 | 0.97 | |
SOL | A | 35.430 | 0.00 | 331,081 | 0.90 | |
ORI | C | 17.760 | 0.00 | 797,314 | 0.81 | |
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