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 | |
---|---|---|---|---|---|---|
AND | F | 37.500 | 1.08 | 191,673 | 7.32 | |
DOO | F | 85.160 | -6.10 | 820,981 | 3.97 | |
KXS | F | 146.450 | 1.60 | 135,054 | 2.48 | |
BRAG | A | 9.070 | -0.55 | 125,140 | 2.46 | |
PXT | F | 22.370 | -0.36 | 1,074,971 | 2.28 | |
CJ | C | 7.050 | 1.44 | 1,184,144 | 1.78 | |
AX.UN | B | 6.490 | 1.56 | 269,955 | 1.49 | |
TOU | A | 67.610 | 1.26 | 2,892,816 | 1.32 | |
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