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 | |
---|---|---|---|---|---|---|
T | D | 21.050 | -2.59 | 11,102,700 | 3.24 | |
TIH | D | 119.560 | 0.46 | 337,700 | 2.79 | |
MNY | D | 100.080 | 0.00 | 23,200 | 2.24 | |
AIF | C | 54.660 | 1.90 | 100,100 | 2.07 | |
CP | D | 109.450 | -0.28 | 2,315,700 | 1.65 | |
AAPL | C | 32.690 | -0.12 | 206,456 | 1.62 | |
BLX | D | 32.420 | -4.84 | 348,376 | 1.39 | |
ALS | B | 26.200 | -3.14 | 102,700 | 1.27 | |
MND | C | 3.220 | -1.83 | 46,000 | 1.18 | |
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