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 | |
---|---|---|---|---|---|---|
BGUK | D | 159.50 | 1.59 | 950,017 | 2.94 | |
WIX | D | 152.00 | 0.53 | 1,792,038 | 2.94 | |
IEM | D | 386.50 | 1.18 | 2,018,941 | 2.77 | |
NG | B | 1046.00 | 0.58 | 18,107,286 | 2.07 | |
HFEL | A | 230.50 | 1.32 | 473,456 | 1.43 | |
RMV | F | 515.60 | 1.34 | 3,098,078 | 1.39 | |
MOON | A | 172.40 | 1.65 | 999,923 | 1.32 | |
GSK | C | 1639.50 | 2.53 | 6,191,667 | 1.26 | |
KGF | A | 248.20 | 1.06 | 5,407,254 | 1.19 | |
DUKE | D | 31.75 | 0.00 | 1,419,298 | 1.09 | |
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