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 | |
---|---|---|---|---|---|---|
TPG | D | 4.350 | -0.23 | 1,690,618 | 1.78 | |
URW | B | 6.200 | 0.00 | 235,798 | 1.39 | |
TLC | A | 5.160 | 0.78 | 3,765,576 | 1.39 | |
MND | D | 12.640 | 0.72 | 246,683 | 1.34 | |
MOT | B | 2.150 | -0.46 | 816,554 | 1.34 | |
HPI | A | 3.700 | -0.54 | 585,719 | 1.31 | |
BKW | D | 26.600 | 0.04 | 254,902 | 1.27 | |
HVN | B | 4.790 | 1.48 | 2,171,519 | 1.26 | |
SB2 | A | 0.725 | 1.40 | 147,177 | 1.25 | |
DXC | C | 2.900 | -1.02 | 232,425 | 1.22 | |
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