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 | C | 2.160 | 0.00 | 1,037,413 | 1.77 | |
RFF | D | 1.935 | -0.51 | 731,966 | 1.42 | |
PCI | A | 1.135 | 0.00 | 806,729 | 1.10 | |
CDM | A | 0.750 | -0.66 | 222,664 | 0.99 | |
PRU | B | 2.580 | 1.57 | 4,432,582 | 0.99 | |
SOL | B | 34.670 | -0.89 | 361,890 | 0.98 | |
HVN | A | 4.910 | 0.61 | 1,600,063 | 0.81 | |
ELD | D | 8.600 | 2.26 | 314,878 | 0.79 | |
Sign Up to view the next 12 stocks. |
Recent Comments
- TRTCryptoCraig on Bad Quotes for 28 May...
- TraderMike on Bad Quotes for 28 May...
- TraderMike on Market Recap for Friday, May 31, 2024
- PleasantTurtle699 on Market Recap for Friday, May 31, 2024
- TraderMike on Market Recap for Friday, May 31, 2024
From the Blog
Featured Articles