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 | |
---|---|---|---|---|---|---|
TYMN | B | 296.00 | 1.02 | 607,929 | 2.12 | |
LGEN | C | 244.60 | -0.16 | 27,842,793 | 1.95 | |
ESNT | B | 174.40 | -1.58 | 947,697 | 1.83 | |
IEM | D | 382.00 | -0.78 | 1,111,908 | 1.58 | |
WIX | D | 151.20 | -0.79 | 695,767 | 1.19 | |
MOON | A | 169.60 | -0.24 | 841,653 | 1.13 | |
SNR | D | 160.00 | -1.23 | 720,683 | 1.11 | |
BGUK | D | 157.00 | -1.26 | 342,024 | 1.11 | |
PHNX | D | 481.20 | 0.38 | 2,578,140 | 1.00 | |
GMR | D | 31.70 | 1.60 | 396,531 | 0.94 | |
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