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: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM BasingPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
SHED | D | 143.00 | 0.00 | 641,528 | 1.15 | |
BUR | F | 646.50 | 0.78 | 395,677 | 0.98 | |
NAIT | D | 243.00 | 1.25 | 232,641 | 0.88 | |
BIFF | B | 247.50 | 1.02 | 564,610 | 0.84 | |
CREI | B | 89.60 | 1.01 | 330,239 | 0.83 | |
SWEF | D | 89.40 | -0.22 | 229,866 | 0.72 | |
DLAR | D | 160.60 | 0.25 | 408,669 | 0.67 | |
BGS | F | 250.00 | -0.40 | 668,144 | 0.65 | |
GABI | B | 91.40 | 0.33 | 207,282 | 0.64 | |
BOY | D | 743.00 | 1.85 | 254,955 | 0.63 | |
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