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 | |
---|---|---|---|---|---|---|
ADEN | C | 40.760 | 7.43 | 557,460 | 9.71 | |
TRI | D | 224.360 | -0.40 | 1,009,252 | 3.32 | |
CRRX | D | 1.900 | 7.34 | 36,120 | 2.69 | |
TIH | D | 116.610 | -0.11 | 339,267 | 2.50 | |
ALS | C | 26.310 | -1.24 | 184,287 | 2.06 | |
IMO | B | 105.920 | -1.95 | 1,568,249 | 1.68 | |
QTRH | D | 1.600 | 3.90 | 201,409 | 1.60 | |
T | D | 21.640 | 1.79 | 5,404,746 | 1.54 | |
RUS | B | 43.800 | -0.99 | 230,718 | 1.43 | |
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