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 | |
---|---|---|---|---|---|---|
MLC | F | 1.900 | -2.06 | 48,600 | 3.74 | |
ESI | B | 2.660 | 3.50 | 537,940 | 2.09 | |
GASX | D | 1.000 | -0.99 | 386,675 | 1.95 | |
DR | B | 14.020 | 0.07 | 56,056 | 1.81 | |
HLF | C | 13.380 | -0.67 | 26,158 | 1.74 | |
TFII | D | 186.450 | 0.59 | 221,650 | 1.53 | |
AFN | F | 52.280 | -1.34 | 82,541 | 1.45 | |
CSW.A | F | 12.770 | 0.63 | 18,790 | 1.23 | |
TOY | B | 32.340 | 2.76 | 72,946 | 1.04 | |
AAPL | B | 33.700 | 1.60 | 110,774 | 0.89 | |
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