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 | |
---|---|---|---|---|---|---|
PHP | B | 100.10 | 0.81 | 42,762,334 | 10.84 | |
SMT | B | 733.60 | 1.44 | 21,652,222 | 7.36 | |
LAND | B | 642.31 | 0.85 | 10,564,137 | 4.69 | |
IMB | C | 1848.00 | -0.83 | 8,803,452 | 4.32 | |
SUPR | C | 81.50 | -0.73 | 8,476,828 | 3.34 | |
CTEC | C | 224.60 | 0.45 | 11,942,084 | 2.90 | |
FSV | D | 268.00 | 0.75 | 555,957 | 1.73 | |
MER | B | 279.50 | -0.36 | 516,000 | 1.67 | |
HGT | C | 392.00 | 0.13 | 697,479 | 1.63 | |
IGG | C | 698.50 | 0.50 | 1,372,493 | 1.36 | |
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