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 | |
---|---|---|---|---|---|---|
TSLX | F | 20.26 | 0.35 | 978,576 | 3.30 | |
HTGC | B | 19.79 | 3.45 | 2,245,536 | 3.21 | |
CP | D | 78.49 | -1.06 | 6,492,693 | 3.04 | |
WLK | D | 137.17 | 3.49 | 1,325,828 | 2.83 | |
IBP | D | 227.69 | -2.09 | 702,780 | 2.77 | |
AESI | C | 21.19 | 6.19 | 2,448,970 | 2.72 | |
EGP | D | 174.98 | 1.26 | 961,736 | 2.66 | |
CSWC | F | 22.76 | 1.20 | 691,744 | 2.58 | |
CALX | F | 34.53 | -4.11 | 1,172,531 | 2.54 | |
RACE | C | 443.00 | 0.45 | 753,660 | 2.53 | |
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