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 | D | 1.940 | 1.04 | 140,609 | 11.66 | |
FTG | C | 6.100 | 2.35 | 48,950 | 4.37 | |
EQ | D | 1.080 | -2.70 | 18,610 | 1.64 | |
IPCO | D | 17.690 | -2.21 | 95,453 | 1.42 | |
CSU | C | 4314.860 | -0.47 | 41,424 | 1.37 | |
HLF | C | 13.470 | 4.02 | 20,043 | 1.37 | |
VZLA | D | 2.590 | 0.39 | 1,220,185 | 1.34 | |
SAP | D | 28.700 | 1.34 | 619,919 | 1.15 | |
FC | C | 11.450 | -0.09 | 76,618 | 1.14 | |
CSW.A | F | 12.690 | -0.94 | 16,876 | 1.12 | |
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