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 | |
---|---|---|---|---|---|---|
0N4T | A | 128.20 | -1.72 | 6,000,000 | 5.85 | |
BGFD | F | 714.00 | 0.28 | 1,016,350 | 3.75 | |
LGEN | A | 248.45 | -1.78 | 29,835,887 | 2.08 | |
HFEL | B | 231.94 | 0.43 | 644,092 | 1.90 | |
KGF | A | 248.10 | -0.48 | 7,344,531 | 1.53 | |
PAG | A | 706.50 | 0.78 | 462,636 | 1.24 | |
RMV | F | 514.94 | -1.38 | 2,437,530 | 1.10 | |
ESNT | C | 173.00 | 0.82 | 568,671 | 1.05 | |
EAT | C | 85.60 | 0.00 | 531,125 | 0.99 | |
DGN | B | 359.00 | -0.28 | 253,470 | 0.91 | |
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