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 | |
---|---|---|---|---|---|---|
GNC | C | 8.140 | 0.87 | 1,713,238 | 2.39 | |
GUD | C | 11.160 | 1.36 | 697,507 | 2.22 | |
REP | D | 0.615 | -0.81 | 1,180,463 | 2.12 | |
LNW | C | 144.280 | 1.18 | 212,144 | 1.79 | |
DJW | A | 2.980 | 0.68 | 229,102 | 1.70 | |
AAC | B | 1.400 | 0.72 | 232,563 | 1.67 | |
TCL | D | 12.480 | 1.55 | 7,368,525 | 1.66 | |
DXS | D | 7.260 | 3.27 | 4,581,073 | 1.63 | |
NHF | D | 7.340 | -1.74 | 1,385,706 | 1.55 | |
COL | B | 16.440 | 1.48 | 4,068,004 | 1.46 | |
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