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 | |
---|---|---|---|---|---|---|
OPCH | F | 30.59 | 3.41 | 2,937,251 | 2.30 | |
DOX | B | 89.21 | 1.09 | 835,770 | 1.42 | |
BUSE | D | 24.90 | -1.46 | 404,201 | 1.36 | |
LC | B | 12.77 | 2.74 | 1,626,532 | 1.34 | |
SKX | D | 65.11 | -3.63 | 2,407,257 | 1.26 | |
NMFC | F | 11.65 | -0.43 | 443,520 | 1.22 | |
C | B | 66.01 | 0.41 | 14,645,213 | 1.19 | |
KEYS | B | 158.96 | -0.03 | 1,348,639 | 1.15 | |
SLM | B | 23.09 | -0.77 | 1,535,951 | 1.14 | |
A | C | 144.25 | 0.30 | 1,512,645 | 1.14 | |
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