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 | 1.205 | 0.00 | 1,259,511 | 3.84 | |
ECF | B | 0.685 | 0.91 | 550,009 | 2.56 | |
WPR | C | 2.190 | -1.30 | 2,965,133 | 2.55 | |
MGR | D | 1.810 | -2.95 | 32,666,439 | 2.30 | |
GNG | C | 2.180 | -0.91 | 267,928 | 2.20 | |
GPT | C | 4.010 | -3.14 | 11,040,531 | 2.07 | |
AQZ | B | 3.100 | 0.00 | 206,562 | 2.03 | |
COF | C | 1.120 | -1.75 | 1,325,536 | 1.94 | |
CLW | C | 3.280 | -1.06 | 2,441,787 | 1.83 | |
QVE | B | 0.935 | 0.00 | 411,125 | 1.72 | |
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