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 | |
---|---|---|---|---|---|---|
RVTY | B | 124.82 | 3.12 | 2,389,122 | 3.36 | |
AY | A | 22.07 | -0.05 | 2,662,160 | 2.96 | |
LNTH | A | 115.45 | 6.92 | 1,720,134 | 2.79 | |
TU | F | 15.71 | 0.13 | 5,452,792 | 2.69 | |
FLNG | F | 23.02 | -5.03 | 673,773 | 2.64 | |
FSS | F | 81.56 | -0.34 | 898,312 | 2.58 | |
HTGC | C | 19.13 | -0.52 | 1,569,986 | 2.34 | |
PAA | C | 16.71 | 1.95 | 5,005,071 | 2.33 | |
HUN | F | 21.74 | -0.37 | 4,106,056 | 2.31 | |
PAGP | C | 17.84 | 2.94 | 2,890,709 | 2.21 | |
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