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 | |
---|---|---|---|---|---|---|
JLEN | F | 87.80 | 0.11 | 5,791,380 | 4.35 | |
NG | C | 1030.00 | 1.68 | 19,870,965 | 2.28 | |
ESNT | B | 177.20 | -1.01 | 864,075 | 1.72 | |
0N4T | B | 124.30 | -0.04 | 1,452,653 | 1.60 | |
PAG | A | 685.50 | 1.11 | 472,399 | 1.26 | |
IEM | C | 385.00 | 0.79 | 775,887 | 1.12 | |
UKW | F | 136.00 | -1.23 | 4,709,675 | 1.12 | |
GCP | F | 70.70 | -0.56 | 1,249,571 | 1.02 | |
WIX | D | 152.40 | 0.13 | 525,896 | 0.91 | |
BGFD | D | 710.00 | 0.42 | 219,033 | 0.87 | |
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