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 | |
---|---|---|---|---|---|---|
PPC | B | 1.195 | 0.00 | 754,283 | 5.51 | |
IPL | A | 2.980 | 1.71 | 12,562,876 | 2.99 | |
DEG | D | 1.200 | 3.00 | 14,272,228 | 2.47 | |
LNW | C | 141.360 | -0.03 | 305,147 | 2.37 | |
WLE | A | 1.355 | -0.66 | 2,534,237 | 2.32 | |
GNC | B | 8.470 | -0.59 | 1,495,107 | 2.01 | |
MPL | C | 3.620 | -0.28 | 12,095,274 | 1.91 | |
AAC | B | 1.430 | 0.70 | 242,853 | 1.70 | |
WMI | C | 1.410 | 0.36 | 402,440 | 1.38 | |
EDV | D | 5.050 | -0.79 | 5,475,839 | 1.31 | |
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