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 | |
---|---|---|---|---|---|---|
WMI | D | 1.450 | 0.00 | 744,745 | 3.27 | |
IPX | C | 2.150 | 0.94 | 458,373 | 1.54 | |
WOR | D | 15.370 | 2.81 | 3,267,554 | 1.40 | |
BWP | A | 3.580 | 1.70 | 1,714,840 | 1.25 | |
RMC | B | 1.020 | 2.00 | 172,763 | 1.12 | |
MAU | A | 1.050 | 2.44 | 106,419 | 1.04 | |
DXS | D | 7.050 | 1.15 | 3,165,020 | 1.02 | |
AND | C | 2.390 | 0.00 | 190,993 | 0.95 | |
ASK | D | 1.150 | 0.44 | 872,427 | 0.92 | |
DSE | C | 0.275 | 3.77 | 424,953 | 0.89 | |
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