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 | |
---|---|---|---|---|---|---|
HLI | B | 4.070 | 1.75 | 1,978,080 | 1.86 | |
SWP | C | 0.220 | 0.00 | 195,000 | 1.41 | |
ELD | D | 8.530 | -1.73 | 467,203 | 1.17 | |
ORG | D | 9.630 | 1.37 | 4,180,226 | 1.17 | |
MGR | C | 2.140 | -0.93 | 13,219,282 | 1.07 | |
HVN | C | 4.580 | 1.10 | 2,151,061 | 1.06 | |
TLC | D | 4.990 | -0.40 | 3,145,861 | 0.98 | |
TGF | A | 1.670 | 1.83 | 125,641 | 0.96 | |
CIP | D | 3.050 | -0.33 | 1,388,760 | 0.95 | |
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