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 | |
---|---|---|---|---|---|---|
TGH | B | 1.000 | 2.04 | 120,240 | 2.87 | |
KPT | D | 8.450 | -0.35 | 23,348 | 1.58 | |
CGO | B | 57.120 | 0.69 | 20,689 | 1.22 | |
WCP | B | 10.550 | 0.76 | 2,084,186 | 1.00 | |
CG | B | 10.050 | 4.04 | 963,489 | 0.99 | |
MAL | A | 9.460 | 1.83 | 9,584 | 0.91 | |
PEY | B | 14.950 | 0.27 | 841,984 | 0.88 | |
EFX | C | 8.000 | 0.25 | 185,343 | 0.84 | |
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