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 | |
---|---|---|---|---|---|---|
TOU | B | 62.540 | -1.51 | 10,052,400 | 4.13 | |
ADEN | D | 38.770 | -4.18 | 106,300 | 2.29 | |
GFR | C | 9.830 | -3.06 | 58,019 | 1.50 | |
BLX | D | 31.800 | -3.26 | 329,800 | 1.30 | |
TIH | D | 117.340 | 0.30 | 162,400 | 1.27 | |
ENGH | D | 29.600 | -0.50 | 97,676 | 1.22 | |
SU | A | 57.000 | 0.28 | 7,853,800 | 1.17 | |
RUP | A | 4.350 | 2.35 | 69,000 | 1.16 | |
FC | C | 11.430 | 0.97 | 75,900 | 1.15 | |
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