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 | |
---|---|---|---|---|---|---|
ADEN | C | 40.880 | 0.29 | 141,919 | 2.38 | |
QTRH | C | 1.710 | 6.88 | 304,898 | 2.34 | |
TRI | D | 226.200 | 0.82 | 452,285 | 1.47 | |
RUS | B | 44.760 | 2.19 | 229,638 | 1.44 | |
T | D | 21.420 | -1.02 | 5,039,767 | 1.42 | |
BRK | A | 36.150 | 0.25 | 70,991 | 1.27 | |
LNF | D | 26.400 | -1.12 | 32,427 | 1.20 | |
ARG | C | 1.710 | 0.59 | 238,705 | 1.02 | |
IMO | B | 103.680 | -2.11 | 853,165 | 0.91 | |
WTE | C | 23.920 | -0.37 | 80,086 | 0.91 | |
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