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 | |
---|---|---|---|---|---|---|
IAC | F | 48.18 | -12.56 | 1,833,865 | 3.66 | |
CNTA | B | 17.00 | 1.61 | 1,699,261 | 2.56 | |
RYN | F | 29.74 | -1.62 | 1,450,915 | 2.38 | |
FSS | C | 91.20 | 0.34 | 691,502 | 1.74 | |
CSWC | F | 22.90 | 0.79 | 557,228 | 1.70 | |
AHCO | C | 10.69 | 2.30 | 1,743,771 | 1.67 | |
OLLI | D | 92.21 | -6.00 | 1,617,073 | 1.62 | |
RRR | F | 52.41 | -0.25 | 854,862 | 1.56 | |
GSL | F | 23.25 | -0.04 | 495,694 | 1.53 | |
HTGC | C | 19.80 | -0.85 | 1,162,022 | 1.52 | |
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