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 | |
---|---|---|---|---|---|---|
ARG | A | 1.810 | 5.85 | 1,553,500 | 6.45 | |
CJT | C | 129.730 | -6.53 | 278,628 | 5.44 | |
GASX | C | 1.000 | 2.04 | 640,000 | 2.96 | |
TIH | D | 119.010 | -3.01 | 267,258 | 2.32 | |
T | D | 21.610 | -0.96 | 5,229,579 | 1.61 | |
MNY | D | 100.080 | 0.02 | 16,101 | 1.58 | |
LB | C | 26.490 | 0.19 | 499,260 | 1.46 | |
AIF | C | 53.640 | 0.81 | 67,448 | 1.43 | |
CEU | A | 8.170 | 0.25 | 898,575 | 1.41 | |
BMO | B | 126.330 | 0.89 | 3,721,537 | 1.13 | |
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