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 | |
---|---|---|---|---|---|---|
GMR | B | 36.00 | 5.88 | 5,402,602 | 10.45 | |
SNR | D | 163.80 | 2.38 | 1,360,441 | 2.07 | |
LGEN | D | 232.80 | -6.30 | 30,185,567 | 2.04 | |
SDP | A | 500.00 | -1.38 | 554,497 | 1.96 | |
HFEL | B | 224.50 | -3.21 | 543,189 | 1.59 | |
PFD | A | 155.80 | -0.26 | 1,351,419 | 1.30 | |
KGF | B | 247.10 | -0.40 | 5,841,097 | 1.20 | |
0N4T | A | 128.25 | 0.04 | 1,152,693 | 1.10 | |
BGFD | D | 707.00 | -0.98 | 291,592 | 1.07 | |
BME | D | 518.20 | 0.39 | 2,605,332 | 1.07 | |
Sign Up to view the next 21 stocks. |
Popular Now
Recent Comments
- TraderMike on Trades of the Week: Jan 8 - Jan 12, 2024
- Magneto296 on Trades of the Week: Jan 8 - Jan 12, 2024
- SwingTradeBot on Market Recap for Tuesday, February 27, 2024
- SwingTradeBot on Market Recap for Monday, February 26, 2024
- SwingTradeBot on Market Recap for Friday, February 23, 2024
From the Blog
Featured Articles