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 | |
---|---|---|---|---|---|---|
CRN | C | 86.70 | 2.00 | 698,943 | 2.30 | |
HFEL | C | 288.00 | 0.35 | 527,854 | 1.56 | |
WTAN | A | 235.50 | -0.21 | 1,096,527 | 1.45 | |
AV | C | 450.30 | -0.49 | 9,083,912 | 1.43 | |
AUTO | B | 638.20 | 0.25 | 2,982,694 | 1.35 | |
CCH | C | 1989.00 | 1.30 | 652,270 | 1.31 | |
HDIV | B | 73.70 | 0.27 | 370,382 | 1.27 | |
BGS | B | 163.80 | 0.37 | 474,002 | 1.23 | |
NESF | D | 111.20 | 0.18 | 840,516 | 1.19 | |
ESP | B | 88.80 | -0.67 | 858,001 | 1.17 | |
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