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 | |
---|---|---|---|---|---|---|
TLC | C | 5.000 | 0.20 | 5,191,934 | 1.64 | |
PIA | A | 1.145 | -0.43 | 253,563 | 1.61 | |
WOW | F | 29.800 | -0.53 | 3,819,140 | 1.61 | |
HLI | A | 4.190 | 2.95 | 1,506,714 | 1.40 | |
DXI | D | 2.670 | -1.11 | 531,923 | 0.94 | |
CIP | D | 3.040 | -0.33 | 1,344,883 | 0.92 | |
ELD | D | 8.540 | 0.12 | 317,329 | 0.79 | |
CBA | A | 142.090 | -0.46 | 1,445,085 | 0.70 | |
NXT | D | 16.260 | -0.97 | 1,965,261 | 0.70 | |
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