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 | |
---|---|---|---|---|---|---|
NCYF | D | 51.10 | -0.97 | 6,845,357 | 6.87 | |
CRN | C | 85.00 | 2.29 | 625,902 | 2.04 | |
TATE | C | 754.80 | -1.64 | 1,172,918 | 1.31 | |
BNKR | B | 103.60 | 0.58 | 1,945,343 | 1.18 | |
BSIF | A | 140.50 | -0.35 | 1,034,785 | 1.15 | |
NESF | B | 111.60 | 0.18 | 885,510 | 1.14 | |
LWI | C | 124.50 | -1.19 | 366,040 | 1.11 | |
WTAN | A | 230.00 | 0.88 | 751,469 | 1.02 | |
RICA | A | 315.00 | 0.32 | 857,944 | 0.98 | |
HICL | C | 167.40 | -0.95 | 2,583,271 | 0.97 | |
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