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 | B | 17.950 | 2.63 | 1,575,853 | 1.56 | |
HVN | D | 4.520 | -2.38 | 3,034,428 | 1.47 | |
URW | D | 5.930 | -2.63 | 193,173 | 1.18 | |
CIP | D | 3.010 | -0.99 | 1,707,332 | 1.17 | |
LLC | C | 6.690 | -0.89 | 1,563,446 | 1.07 | |
SOL | C | 33.380 | 1.24 | 370,518 | 1.06 | |
CQR | D | 3.340 | -1.18 | 1,243,069 | 0.94 | |
MND | A | 12.900 | 0.31 | 176,090 | 0.94 | |
IGL | A | 2.170 | 2.36 | 205,126 | 0.86 | |
GQG | A | 2.710 | 4.23 | 2,170,225 | 0.86 | |
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