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 | |
---|---|---|---|---|---|---|
KSN | B | 0.086 | 3.61 | 2,863,905 | 3.17 | |
TWE | C | 11.970 | 8.23 | 8,108,225 | 2.74 | |
EDV | D | 4.990 | -2.54 | 14,973,630 | 2.03 | |
TOP | D | 0.640 | -2.29 | 127,573 | 1.24 | |
CQR | B | 3.620 | -1.09 | 1,691,326 | 1.21 | |
RFF | D | 1.965 | -0.29 | 528,352 | 1.16 | |
NAM | B | 0.710 | -0.70 | 234,734 | 1.13 | |
WOW | D | 33.430 | 0.24 | 2,076,669 | 0.93 | |
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