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 | |
---|---|---|---|---|---|---|
GCP | B | 74.30 | 1.23 | 3,385,037 | 2.67 | |
ESNT | C | 169.80 | -0.93 | 1,344,227 | 2.36 | |
DUKE | F | 31.50 | 0.80 | 3,060,478 | 2.28 | |
BGUK | C | 162.50 | 0.93 | 636,055 | 1.95 | |
JLEN | D | 93.60 | -0.95 | 2,361,550 | 1.81 | |
RKH | B | 13.75 | 2.23 | 1,153,349 | 1.41 | |
SN | D | 981.00 | 1.72 | 3,915,365 | 1.38 | |
SNR | D | 164.40 | 0.37 | 908,243 | 1.38 | |
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