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 | |
---|---|---|---|---|---|---|
SNC | B | 0.740 | 0.00 | 430,591 | 4.24 | |
EDV | B | 5.240 | 0.19 | 14,199,821 | 3.17 | |
WMI | D | 1.440 | -0.69 | 715,754 | 3.00 | |
IGL | C | 2.050 | -1.44 | 626,610 | 2.88 | |
WOR | D | 15.310 | -0.39 | 6,777,622 | 2.76 | |
GNC | B | 8.110 | -3.57 | 1,601,365 | 2.66 | |
DSE | C | 0.270 | -1.82 | 776,399 | 1.58 | |
APE | D | 12.220 | 2.52 | 567,508 | 1.48 | |
IPL | B | 2.770 | -0.72 | 4,675,505 | 1.25 | |
AND | C | 2.400 | 0.42 | 237,184 | 1.25 | |
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