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 | |
---|---|---|---|---|---|---|
DXI | B | 2.940 | -2.33 | 399,801 | 1.84 | |
SGP | C | 4.400 | -2.87 | 10,084,053 | 1.57 | |
GNG | B | 2.200 | -0.90 | 167,402 | 1.41 | |
ALI | B | 2.070 | 0.98 | 156,763 | 1.30 | |
PTL | C | 0.175 | -2.78 | 189,874 | 1.16 | |
TLC | A | 5.160 | -0.58 | 4,344,440 | 1.15 | |
TGF | C | 1.550 | -2.52 | 159,298 | 1.14 | |
HLI | C | 3.930 | 0.51 | 1,146,266 | 1.12 | |
ARB | B | 37.800 | -1.74 | 162,271 | 1.09 | |
CAR | B | 34.950 | 0.49 | 786,531 | 0.94 | |
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