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 | 164.20 | 0.86 | 502,857 | 1.77 | |
VLX | F | 288.00 | 1.77 | 658,265 | 1.74 | |
IEM | C | 402.50 | 0.88 | 1,131,261 | 1.65 | |
PAC | F | 351.00 | 0.86 | 386,049 | 1.44 | |
WPP | D | 753.60 | 1.87 | 3,767,051 | 1.39 | |
KGF | C | 249.40 | 1.38 | 5,700,002 | 1.36 | |
BPT | D | 260.20 | 0.00 | 378,171 | 1.36 | |
SXS | F | 3307.00 | 0.98 | 388,835 | 1.31 | |
GSK | B | 1708.60 | 0.20 | 6,642,999 | 1.29 | |
AHT | B | 5640.00 | 1.37 | 871,801 | 1.28 | |
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