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 | A | 4.290 | 2.39 | 1,919,874 | 1.77 | |
CWY | C | 2.780 | 2.96 | 3,862,998 | 1.14 | |
MYS | B | 3.780 | 0.00 | 131,425 | 0.93 | |
WOW | F | 29.890 | 0.30 | 2,140,366 | 0.90 | |
TLC | B | 5.070 | 1.40 | 2,793,252 | 0.88 | |
DXI | D | 2.640 | -1.12 | 478,989 | 0.84 | |
ELD | D | 8.530 | -0.12 | 316,254 | 0.78 | |
AFG | C | 1.590 | -1.85 | 195,756 | 0.76 | |
ORG | C | 9.850 | 1.34 | 2,646,408 | 0.75 | |
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