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 | 128.00 | 0.00 | 11,250,000 | 7.60 | |
EAT | B | 87.20 | 1.40 | 2,411,858 | 4.16 | |
SN | D | 976.60 | -0.25 | 3,782,801 | 1.29 | |
GSK | A | 1705.00 | 1.91 | 5,228,820 | 1.08 | |
ULVR | A | 4140.00 | 0.00 | 4,190,538 | 1.07 | |
RKH | B | 13.25 | -2.21 | 696,824 | 0.85 | |
BGUK | B | 163.00 | -0.31 | 273,233 | 0.83 | |
IEM | D | 382.00 | -0.52 | 552,798 | 0.75 | |
ESNT | B | 176.40 | -0.11 | 441,973 | 0.74 | |
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