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 | |
---|---|---|---|---|---|---|
AACT | A | 10.68 | 0.00 | 894,544 | 2.64 | |
OGS | C | 63.76 | -0.38 | 1,004,196 | 2.40 | |
PAM | C | 44.63 | 3.12 | 362,155 | 1.17 | |
EG | D | 364.77 | -1.33 | 262,604 | 1.05 | |
TWO | B | 13.14 | -0.30 | 1,043,529 | 1.05 | |
FHB | C | 20.52 | -1.54 | 637,179 | 1.02 | |
RNR | D | 212.31 | -0.29 | 309,547 | 1.01 | |
TGLS | D | 50.65 | 0.96 | 479,334 | 0.99 | |
WTFC | C | 98.10 | -1.97 | 254,156 | 0.98 | |
FIBK | B | 27.71 | -0.89 | 580,754 | 0.97 | |
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