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 | |
---|---|---|---|---|---|---|
ORI | A | 18.020 | -2.86 | 1,492,446 | 1.53 | |
MVF | C | 1.250 | 2.04 | 1,197,432 | 1.49 | |
RFF | D | 1.970 | -0.76 | 570,413 | 1.21 | |
CWY | B | 2.900 | -1.36 | 4,850,446 | 1.19 | |
TWE | C | 11.660 | -2.83 | 3,506,013 | 1.16 | |
MHHT | B | 1.835 | -0.27 | 172,624 | 1.12 | |
MOT | D | 2.160 | -0.46 | 601,302 | 1.05 | |
NXT | A | 17.380 | -0.69 | 2,665,308 | 0.90 | |
ELD | D | 8.550 | 1.18 | 340,127 | 0.84 | |
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