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 | |
---|---|---|---|---|---|---|
WCP | B | 10.430 | 3.27 | 3,841,800 | 1.64 | |
AAPL | C | 33.240 | -2.75 | 196,229 | 1.55 | |
IFC | A | 261.000 | 0.50 | 382,081 | 1.49 | |
KPT | B | 8.390 | -0.24 | 25,728 | 1.43 | |
GASX | B | 1.040 | -0.95 | 264,301 | 1.41 | |
CSU | C | 4350.000 | -1.14 | 41,300 | 1.32 | |
FNV | C | 168.800 | 0.49 | 358,500 | 1.29 | |
BIR | C | 5.780 | 1.40 | 1,283,000 | 1.21 | |
HLF | F | 12.480 | -0.48 | 16,856 | 1.21 | |
QQC | C | 31.710 | -1.64 | 62,686 | 1.17 | |
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