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 | |
---|---|---|---|---|---|---|
DHG | D | 2.870 | -5.59 | 3,044,402 | 2.91 | |
PIA | A | 1.160 | 0.43 | 332,765 | 2.06 | |
SWP | D | 0.200 | 2.56 | 221,972 | 1.35 | |
MND | B | 12.860 | 1.66 | 249,310 | 1.33 | |
LLC | C | 6.750 | -0.88 | 1,745,643 | 1.20 | |
MGR | C | 2.110 | -2.31 | 14,111,519 | 1.17 | |
ORI | D | 17.490 | 1.92 | 1,064,576 | 1.07 | |
URW | C | 6.090 | -1.46 | 162,577 | 1.01 | |
ELD | C | 8.770 | 4.53 | 401,435 | 0.99 | |
BSL | B | 21.730 | 5.69 | 1,535,185 | 0.96 | |
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