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 | |
---|---|---|---|---|---|---|
CDM | C | 0.730 | -1.35 | 556,505 | 2.43 | |
IPX | C | 2.160 | -0.46 | 534,166 | 1.76 | |
MGOC | A | 3.050 | -0.65 | 687,303 | 1.61 | |
COF | C | 1.205 | -1.23 | 821,177 | 1.34 | |
MHHT | A | 1.860 | -0.27 | 299,207 | 1.30 | |
EDV | D | 4.900 | -2.00 | 5,489,184 | 1.27 | |
FLT | D | 19.510 | -2.45 | 1,078,304 | 1.21 | |
RDY | D | 3.270 | 0.31 | 134,672 | 1.15 | |
REP | D | 0.620 | -0.80 | 555,808 | 1.12 | |
IMD | C | 2.180 | -3.54 | 1,099,299 | 1.11 | |
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