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 | |
---|---|---|---|---|---|---|
SSB | D | 79.87 | -1.21 | 1,348,554 | 3.61 | |
CYBR | D | 249.70 | 1.37 | 1,115,889 | 2.45 | |
OPCH | F | 29.06 | -2.42 | 2,380,642 | 1.82 | |
UMBF | B | 85.85 | -0.34 | 641,531 | 1.60 | |
WST | F | 342.76 | -3.62 | 668,064 | 1.43 | |
LVS | F | 46.82 | -0.45 | 6,858,448 | 1.41 | |
LGF.A | C | 10.56 | -0.94 | 849,930 | 1.40 | |
AGRO | D | 10.27 | -0.48 | 725,089 | 1.32 | |
CMC | C | 56.77 | -1.44 | 1,102,890 | 1.30 | |
TIMB | D | 16.48 | -2.66 | 553,856 | 1.29 | |
Sign Up to view the next 171 stocks. |
Popular Now
Recent Comments
- TraderMike on IZM
- SuccessfulGerbil321 on IZM
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
From the Blog
Featured Articles