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 | |
---|---|---|---|---|---|---|
TSU | D | 40.570 | -1.02 | 176,600 | 2.17 | |
ALS | C | 24.740 | -3.40 | 173,800 | 2.10 | |
ARG | C | 1.670 | -2.91 | 443,300 | 1.85 | |
TIH | D | 118.120 | -0.81 | 177,100 | 1.45 | |
T | D | 21.880 | -0.32 | 4,571,600 | 1.27 | |
RUS | B | 42.840 | -0.81 | 188,800 | 1.14 | |
ADEN | C | 39.080 | -2.15 | 45,600 | 1.13 | |
TRI | B | 236.500 | 0.34 | 294,200 | 1.04 | |
RUP | B | 4.300 | 2.14 | 63,100 | 1.03 | |
MND | B | 3.310 | -1.78 | 39,700 | 0.97 | |
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