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 | |
---|---|---|---|---|---|---|
MELI | D | 1872.01 | 5.52 | 1,327,705 | 3.76 | |
CSWC | F | 22.91 | -1.72 | 1,089,572 | 3.71 | |
CDMO | B | 12.26 | 0.16 | 5,233,098 | 3.39 | |
BDX | F | 231.64 | 1.99 | 3,891,342 | 2.97 | |
RPRX | F | 26.21 | -1.17 | 5,978,045 | 2.84 | |
HTGC | B | 19.67 | -0.15 | 1,684,290 | 2.32 | |
UTZ | C | 17.43 | 2.83 | 1,355,454 | 2.14 | |
RYN | D | 30.99 | -2.05 | 1,209,305 | 2.06 | |
WLK | F | 132.15 | -3.08 | 979,699 | 2.03 | |
GSL | D | 24.58 | -0.61 | 610,015 | 1.97 | |
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