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 | |
---|---|---|---|---|---|---|
ESNT | C | 170.20 | -0.35 | 2,730,545 | 6.88 | |
HL | F | 738.00 | 0.52 | 9,616,631 | 6.62 | |
SMS | B | 952.00 | -0.21 | 1,687,175 | 2.59 | |
BGFD | C | 751.00 | -0.40 | 571,815 | 2.25 | |
ULVR | C | 3962.00 | -0.10 | 6,370,846 | 1.80 | |
IEM | C | 399.00 | 0.63 | 996,148 | 1.42 | |
PAC | F | 348.00 | -0.85 | 353,034 | 1.25 | |
WPP | F | 739.80 | -0.19 | 3,214,469 | 1.20 | |
BPT | D | 260.20 | 0.08 | 316,666 | 1.14 | |
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