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 | |
---|---|---|---|---|---|---|
URNAF | C | 3.0831 | -3.35 | 54,544 | 18.40 | |
SEKEY | B | 7.6300 | 0.79 | 146,678 | 5.63 | |
GBOOY | B | 41.4700 | 0.48 | 108,687 | 4.93 | |
BXBLY | A | 17.0300 | 1.13 | 317,400 | 4.09 | |
CRC | C | 43.1600 | -9.76 | 2,260,996 | 3.48 | |
IBTN | A | 22.2000 | -0.18 | 8,000 | 3.16 | |
RSSS | B | 2.1000 | 5.00 | 65,500 | 3.10 | |
CVX | B | 179.4500 | -4.44 | 19,649,137 | 2.54 | |
GBOOF | B | 8.4000 | -2.21 | 12,600 | 2.10 | |
GLATF | C | 2.6600 | 2.31 | 217,200 | 1.90 | |
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