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 | |
---|---|---|---|---|---|---|
CRNX | B | 53.14 | 2.63 | 2,401,586 | 3.60 | |
OPCH | F | 29.58 | 2.85 | 2,799,920 | 2.21 | |
AIR | F | 61.51 | 3.47 | 599,105 | 2.01 | |
ROP | B | 551.55 | 2.24 | 843,484 | 1.98 | |
GSK | F | 38.83 | -0.97 | 7,244,012 | 1.71 | |
IPG | B | 31.39 | 1.06 | 5,823,651 | 1.69 | |
HTH | D | 31.28 | 1.39 | 493,194 | 1.60 | |
SBCF | C | 26.63 | 3.90 | 600,989 | 1.57 | |
AN | D | 165.32 | 1.09 | 551,242 | 1.56 | |
PMT | B | 13.92 | 0.43 | 1,066,454 | 1.54 | |
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