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 | |
---|---|---|---|---|---|---|
LADR | B | 11.54 | 1.14 | 2,648,788 | 3.40 | |
HTGC | C | 19.23 | -2.68 | 1,881,244 | 2.89 | |
RGA | C | 215.10 | 1.90 | 765,673 | 2.59 | |
RDN | F | 31.67 | -9.28 | 2,303,148 | 2.51 | |
MIDD | F | 130.16 | 0.35 | 1,366,312 | 2.45 | |
HR | D | 16.92 | -1.51 | 7,754,980 | 2.33 | |
CHD | B | 104.75 | 4.84 | 2,952,940 | 2.15 | |
RVTY | C | 121.04 | 2.07 | 1,454,622 | 2.15 | |
TRIN | D | 13.35 | -3.12 | 1,104,758 | 2.09 | |
SHEL | D | 67.49 | -0.09 | 8,518,147 | 1.95 | |
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