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 | |
---|---|---|---|---|---|---|
BNZL | A | 3047.00 | -0.23 | 1,329,796 | 2.33 | |
SVT | A | 2833.00 | 1.32 | 1,225,941 | 2.26 | |
SN | B | 1152.00 | -2.17 | 4,328,054 | 1.91 | |
BGUK | C | 163.00 | 0.25 | 443,938 | 1.73 | |
GRID | C | 161.50 | 0.31 | 628,005 | 1.07 | |
AUTO | A | 607.60 | 1.33 | 2,220,355 | 1.06 | |
NG | A | 1056.00 | 0.86 | 5,753,879 | 0.94 | |
EAT | C | 91.40 | 0.00 | 471,389 | 0.90 | |
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