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 | |
---|---|---|---|---|---|---|
PIA | A | 1.155 | 0.00 | 120,440 | 0.78 | |
CWY | C | 2.760 | -0.72 | 2,138,348 | 0.63 | |
TLC | C | 5.010 | -1.18 | 1,941,907 | 0.62 | |
MOT | A | 2.180 | 0.46 | 340,418 | 0.60 | |
LLC | C | 6.810 | 0.59 | 851,885 | 0.59 | |
AFG | C | 1.570 | -1.26 | 148,418 | 0.58 | |
DXI | D | 2.640 | 0.00 | 325,690 | 0.57 | |
CQR | D | 3.400 | 0.89 | 715,058 | 0.53 | |
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