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 | |
---|---|---|---|---|---|---|
EVT | A | 11.270 | 0.54 | 623,496 | 4.71 | |
IPG | D | 4.380 | -6.61 | 489,366 | 2.53 | |
SXE | C | 1.675 | 1.21 | 856,711 | 1.65 | |
MND | D | 12.520 | -0.63 | 252,435 | 1.41 | |
ORI | A | 18.170 | 0.55 | 1,445,345 | 1.32 | |
MOT | A | 2.160 | -0.92 | 694,972 | 1.17 | |
FAR | B | 0.490 | 0.00 | 128,979 | 1.09 | |
URW | C | 6.030 | 0.50 | 173,807 | 1.08 | |
GDF | B | 1.200 | 0.00 | 121,968 | 1.07 | |
TLC | B | 5.060 | -0.20 | 2,787,406 | 1.07 | |
Sign Up to view the next 20 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