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 | |
---|---|---|---|---|---|---|
MFA | B | 10.48 | -1.50 | 1,139,706 | 1.90 | |
OGS | C | 62.78 | -1.68 | 696,870 | 1.81 | |
DX | D | 11.72 | -1.84 | 2,583,439 | 1.74 | |
FFIN | C | 28.89 | -2.17 | 957,025 | 1.69 | |
DLB | C | 80.24 | 1.27 | 629,788 | 1.68 | |
SCS | B | 12.96 | 0.00 | 1,106,003 | 1.64 | |
TRIN | D | 14.05 | -0.64 | 663,384 | 1.61 | |
EHC | B | 85.36 | -0.33 | 975,696 | 1.59 | |
NTST | D | 16.18 | 0.50 | 1,097,821 | 1.55 | |
TOWN | C | 27.01 | -0.95 | 358,493 | 1.43 | |
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