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 | |
---|---|---|---|---|---|---|
HINT | B | 165.00 | -0.90 | 1,048,158 | 3.17 | |
IEM | D | 386.00 | -0.64 | 1,272,251 | 1.73 | |
HFEL | B | 228.00 | 0.66 | 473,322 | 1.39 | |
ESNT | B | 178.00 | 4.83 | 761,658 | 1.31 | |
GSK | C | 1670.00 | 1.03 | 5,621,193 | 1.17 | |
EAT | C | 86.20 | 0.70 | 580,720 | 1.08 | |
RMV | D | 516.60 | 0.39 | 2,270,149 | 1.02 | |
SN | F | 984.00 | 0.31 | 2,737,062 | 0.95 | |
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