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 | |
---|---|---|---|---|---|---|
TOY | C | 31.570 | 1.54 | 104,134 | 1.39 | |
TIH | D | 116.000 | -0.51 | 150,156 | 1.16 | |
TRI | C | 224.480 | -0.58 | 326,725 | 1.13 | |
RSI | A | 5.690 | 0.53 | 149,424 | 1.07 | |
TOU | B | 62.650 | -0.56 | 2,378,794 | 0.97 | |
T | D | 21.650 | 0.09 | 2,940,383 | 0.83 | |
FC | B | 11.480 | 0.53 | 50,267 | 0.75 | |
LNF | D | 27.160 | 0.44 | 19,587 | 0.74 | |
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