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 | |
---|---|---|---|---|---|---|
ESP | B | 94.00 | -1.05 | 2,542,330 | 2.50 | |
PHNX | F | 481.70 | -4.50 | 4,666,424 | 2.43 | |
VLX | D | 284.50 | -0.35 | 734,903 | 2.13 | |
MTU | C | 99.00 | -0.20 | 517,709 | 1.86 | |
BCG | D | 233.00 | 1.75 | 552,122 | 1.59 | |
BVIC | F | 836.00 | -0.95 | 475,550 | 1.50 | |
IDOX | F | 63.00 | 0.00 | 713,635 | 1.45 | |
SSON | D | 1378.00 | -0.14 | 625,073 | 1.33 | |
HLN | F | 315.00 | -2.26 | 22,147,331 | 1.20 | |
HHI | F | 153.00 | 1.66 | 342,092 | 1.15 | |
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