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 | |
---|---|---|---|---|---|---|
SLVYY | B | 10.8200 | -5.50 | 16,200 | 4.42 | |
ISVQF | B | 5.4616 | -0.52 | 864,900 | 3.14 | |
CNO | A | 24.2500 | 1.59 | 1,340,290 | 2.36 | |
ELEZY | B | 10.3054 | -1.53 | 27,700 | 2.17 | |
AVVIY | B | 9.7920 | -1.39 | 183,100 | 2.11 | |
MGDDY | B | 15.5350 | -0.03 | 270,400 | 1.93 | |
IDEXF | B | 37.6100 | 0.20 | 5,500 | 1.76 | |
YACAF | A | 3.3200 | 0.00 | 13,900 | 1.57 | |
CSV | C | 29.5400 | -1.96 | 96,937 | 1.56 | |
ALIZY | A | 24.2800 | -1.34 | 142,600 | 1.34 | |
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