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: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM BasingPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
BA | B | 515.00 | -2.24 | 8,928,652 | 1.42 | |
DLG | D | 303.10 | -0.95 | 5,071,649 | 1.34 | |
SAFE | B | 821.00 | 0.37 | 386,601 | 1.03 | |
BBOX | B | 186.50 | -0.64 | 4,716,798 | 0.91 | |
LXI | B | 127.60 | 0.00 | 718,799 | 0.90 | |
UU | B | 957.80 | 0.06 | 1,476,202 | 0.85 | |
NCYF | B | 52.20 | -0.38 | 574,235 | 0.84 | |
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