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 | |
---|---|---|---|---|---|---|
DXI | D | 2.740 | -1.08 | 1,066,885 | 2.27 | |
MCE | D | 0.315 | -4.55 | 191,332 | 1.68 | |
RIC | A | 2.560 | 0.39 | 396,900 | 1.17 | |
CSL | C | 294.130 | -2.94 | 670,588 | 1.10 | |
IPG | D | 4.770 | -2.05 | 270,500 | 1.10 | |
MOT | A | 2.180 | 0.00 | 615,322 | 1.03 | |
HVN | C | 4.620 | -2.12 | 2,002,507 | 0.98 | |
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