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 | 76.60 | 0.00 | 2,876,291 | 2.17 | |
HHI | B | 158.00 | 0.00 | 566,536 | 2.14 | |
BGUK | C | 163.50 | 0.31 | 598,899 | 1.81 | |
3IN | A | 333.00 | -0.15 | 1,335,274 | 1.37 | |
ESNT | B | 176.60 | -0.79 | 804,394 | 1.35 | |
GSK | B | 1673.00 | 0.18 | 6,238,793 | 1.30 | |
HFEL | B | 226.50 | -0.66 | 406,493 | 1.19 | |
BGFD | D | 725.00 | 1.12 | 251,818 | 0.91 | |
LGEN | D | 236.00 | -0.63 | 13,650,510 | 0.91 | |
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