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 | |
---|---|---|---|---|---|---|
TIGT | C | 71.00 | 0.85 | 1,206,812 | 3.12 | |
EDIN | C | 664.00 | 1.53 | 728,381 | 2.84 | |
ESP | B | 93.00 | 2.54 | 1,039,582 | 1.63 | |
UU | C | 1036.50 | 0.44 | 2,770,955 | 1.61 | |
TYMN | B | 270.50 | 0.93 | 404,626 | 1.59 | |
LSEG | A | 8494.00 | 0.43 | 1,427,327 | 1.30 | |
RR | B | 150.00 | 2.46 | 47,615,992 | 1.27 | |
BNZL | A | 3156.00 | 0.19 | 561,238 | 1.00 | |
AUTO | C | 617.00 | 1.38 | 1,802,497 | 0.98 | |
SSPG | A | 272.20 | 1.26 | 893,940 | 0.91 | |
Sign Up to view the next 19 stocks. |
Popular Now
Recent Comments
- SwingTradeBot on Market Recap for Friday, June 2, 2023
- SwingTradeBot on Market Recap for Thursday, June 1, 2023
- SwingTradeBot on Market Recap for Wednesday, May 31, 2023
- SwingTradeBot on Market Recap for Tuesday, May 30, 2023
- SwingTradeBot on Market Recap for Friday, May 26, 2023
From the Blog
Featured Articles
- Luca Dellanna on Risk, Ruin, and Ergodicity
- Simplify Your Analysis By Using Moving Average Lines | Joe Rabil | Stock Talk (05.18.23)
- Focus on small cap stocks if looking for explosive moves
- Potential Exhaustion Signal for Nasdaq | David Keller, CMT | The Final Bar (05.17.23)
- Balancing Profits & Your Sanity - How Traders Change with...
All Featured Articles...