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 | |
---|---|---|---|---|---|---|
MHHT | B | 1.840 | -1.60 | 526,463 | 3.24 | |
ELD | D | 8.450 | -1.29 | 941,193 | 2.27 | |
CQR | B | 3.610 | -0.28 | 2,301,020 | 1.62 | |
TWE | C | 12.000 | 0.25 | 4,777,075 | 1.59 | |
STO | D | 7.020 | 2.63 | 11,841,866 | 1.47 | |
ACU | C | 0.079 | -2.47 | 223,392 | 1.47 | |
RFF | D | 1.985 | 1.02 | 650,305 | 1.40 | |
ASX | A | 63.930 | 0.00 | 482,586 | 1.35 | |
ORI | A | 18.550 | 0.71 | 1,282,296 | 1.33 | |
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