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 | |
---|---|---|---|---|---|---|
QVE | B | 0.935 | -0.53 | 885,734 | 3.78 | |
COI | B | 0.200 | 0.00 | 2,390,393 | 2.52 | |
AQZ | B | 3.110 | 1.97 | 237,515 | 2.07 | |
CDM | C | 0.700 | -1.41 | 444,768 | 1.94 | |
PNV | B | 2.270 | -5.81 | 1,881,777 | 1.44 | |
CAR | B | 34.780 | 2.17 | 1,112,545 | 1.34 | |
MHHT | A | 1.865 | -0.27 | 275,368 | 1.24 | |
GNG | B | 2.220 | 0.91 | 146,643 | 1.22 | |
GCI | A | 2.030 | 0.00 | 497,672 | 1.18 | |
MPL | A | 3.770 | 1.89 | 7,596,902 | 1.10 | |
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