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 | |
---|---|---|---|---|---|---|
ICP | A | 1348.00 | 1.05 | 2,273,034 | 3.10 | |
SFR | B | 64.20 | 0.47 | 1,253,109 | 3.01 | |
TIGT | B | 70.80 | 0.28 | 1,135,360 | 2.95 | |
HFD | B | 200.60 | -0.69 | 1,384,117 | 2.33 | |
JLEN | C | 116.20 | -3.01 | 1,562,076 | 1.70 | |
RR | B | 149.05 | 0.17 | 57,098,211 | 1.46 | |
SNWS | A | 53.00 | 1.53 | 352,178 | 1.41 | |
PCTN | B | 77.80 | -2.02 | 982,249 | 1.39 | |
WTAN | B | 228.50 | 0.44 | 1,049,035 | 1.31 | |
BNZL | A | 3194.00 | 1.43 | 653,541 | 1.26 | |
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