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 | |
---|---|---|---|---|---|---|
AIF | B | 57.750 | 0.75 | 93,100 | 1.48 | |
LNF | D | 26.560 | -0.82 | 37,000 | 1.33 | |
ADEN | D | 37.940 | -1.35 | 59,600 | 1.22 | |
T | D | 21.260 | -0.56 | 4,098,900 | 1.18 | |
GFR | C | 10.900 | 6.13 | 45,784 | 1.13 | |
RSI | A | 5.760 | 0.70 | 149,700 | 1.08 | |
TIH | D | 116.740 | 0.58 | 140,400 | 1.06 | |
HME | C | 1.880 | -3.59 | 97,100 | 1.01 | |
RUS | B | 44.240 | 1.54 | 144,500 | 0.91 | |
STN | A | 120.060 | -0.10 | 219,700 | 0.78 | |
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