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 | |
---|---|---|---|---|---|---|
BOKU | A | 146.00 | 0.00 | 888,812 | 3.48 | |
DUKE | A | 34.10 | 1.06 | 977,076 | 2.43 | |
UEM | B | 220.00 | -0.45 | 775,675 | 1.81 | |
BME | A | 581.20 | 0.24 | 3,126,729 | 1.76 | |
RTO | B | 600.00 | 2.46 | 5,797,820 | 1.69 | |
PSON | A | 868.20 | 0.72 | 2,153,858 | 1.65 | |
CRH | A | 4624.00 | 2.89 | 3,157,433 | 1.40 | |
MNG | B | 196.50 | -3.17 | 6,556,084 | 1.40 | |
AHT | D | 5062.00 | 1.04 | 552,634 | 1.17 | |
GFTU | A | 901.50 | 0.43 | 439,838 | 1.17 | |
Sign Up to view the next 39 stocks. |
Popular Now
Recent Comments
- SwingTradeBot on Market Recap for Thursday, September 28, 2023
- SwingTradeBot on Market Recap for Wednesday, September 27, 2023
- SwingTradeBot on Market Recap for Tuesday, September 26, 2023
- SwingTradeBot on Market Recap for Monday, September 25, 2023
- SwingTradeBot on Market Recap for Friday, September 22, 2023
From the Blog
Featured Articles
- How to Trade (Essentially!) Oversold Conditions
- Why It Is Important to Clean Out Watch Lists for Trading Stocks
- Situational Awareness while Trading
- Deep Dive Into Stop Losses, Volatility Hacks, and Bullish Rotation | The Final Bar (09.15.23)
- Cap Weight vs Equal Weight Divergence, Sending Sell Signal Warning Signal?
All Featured Articles...