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 | |
---|---|---|---|---|---|---|
EHL | B | 0.810 | -0.61 | 1,172,498 | 4.73 | |
URW | C | 6.030 | 0.00 | 411,363 | 2.46 | |
CSL | D | 276.470 | 1.00 | 1,029,625 | 1.76 | |
SB2 | A | 0.730 | 0.00 | 201,877 | 1.70 | |
TGF | D | 1.500 | 0.67 | 172,930 | 1.48 | |
CCP | A | 18.010 | 2.97 | 208,272 | 1.46 | |
CWY | B | 2.870 | 0.00 | 4,233,148 | 1.40 | |
NXT | D | 15.770 | -3.67 | 3,273,034 | 1.39 | |
MND | C | 12.700 | 1.44 | 213,338 | 1.20 | |
ORI | A | 18.000 | 0.61 | 1,272,242 | 1.16 | |
Sign Up to view the next 24 stocks. |
Recent Comments
- TRTCryptoCraig on Bad Quotes for 28 May...
- TraderMike on Bad Quotes for 28 May...
- TraderMike on Market Recap for Friday, May 31, 2024
- PleasantTurtle699 on Market Recap for Friday, May 31, 2024
- TraderMike on Market Recap for Friday, May 31, 2024
From the Blog
Featured Articles