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 | |
---|---|---|---|---|---|---|
QTRH | F | 1.660 | -0.60 | 218,501 | 3.80 | |
FIH.U | D | 14.050 | 0.14 | 85,661 | 2.57 | |
PET | F | 28.480 | -1.18 | 154,058 | 2.50 | |
SGD | B | 6.090 | 1.84 | 159,345 | 1.96 | |
CIX | F | 14.610 | -1.62 | 777,634 | 1.88 | |
SLF | D | 69.310 | 0.06 | 2,986,069 | 1.72 | |
IPO | F | 2.310 | 0.65 | 149,468 | 1.61 | |
SPB | D | 9.440 | -0.42 | 953,487 | 1.46 | |
BPF.UN | B | 15.880 | -0.25 | 36,146 | 1.36 | |
EIF | C | 48.680 | 1.46 | 92,927 | 1.31 | |
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