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 | |
---|---|---|---|---|---|---|
MOT | D | 2.150 | -0.46 | 1,647,900 | 2.74 | |
MHHT | B | 1.835 | 0.00 | 243,578 | 1.57 | |
PMC | A | 1.430 | 0.70 | 532,931 | 1.52 | |
RFF | D | 1.990 | 1.02 | 695,086 | 1.44 | |
ORI | B | 17.860 | -0.89 | 1,343,917 | 1.36 | |
WOW | D | 32.970 | -1.49 | 2,254,363 | 1.00 | |
OPH | A | 2.680 | 0.00 | 249,060 | 1.00 | |
ELD | D | 8.470 | -0.94 | 365,871 | 0.91 | |
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