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 | |
---|---|---|---|---|---|---|
FC | C | 11.470 | -1.63 | 119,891 | 1.78 | |
MTL | D | 14.190 | -1.46 | 256,316 | 1.11 | |
SJ | D | 86.640 | -2.25 | 98,959 | 0.75 | |
CSU | C | 4370.020 | -1.38 | 19,660 | 0.72 | |
T | C | 22.410 | -0.71 | 2,365,191 | 0.72 | |
VISA | B | 27.280 | -1.41 | 23,852 | 0.72 | |
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