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 | |
---|---|---|---|---|---|---|
NIOX | B | 66.80 | 1.52 | 5,771,114 | 6.91 | |
SGRO | C | 869.00 | 1.26 | 11,121,868 | 2.82 | |
BGFD | F | 712.00 | 0.00 | 487,203 | 1.92 | |
HLN | B | 332.80 | 0.57 | 30,352,472 | 1.57 | |
AZN | B | 11268.00 | 0.16 | 3,186,127 | 1.36 | |
HFEL | B | 231.00 | 0.22 | 435,529 | 1.31 | |
3IN | C | 328.00 | 0.77 | 1,128,167 | 1.18 | |
GCP | C | 73.30 | 2.09 | 1,353,192 | 1.11 | |
BGUK | C | 161.50 | 1.25 | 352,455 | 1.08 | |
ESNT | C | 171.60 | 0.23 | 570,352 | 1.07 | |
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