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 | |
---|---|---|---|---|---|---|
TIH | F | 113.400 | -0.53 | 274,289 | 1.89 | |
IMO | C | 102.450 | -0.69 | 1,305,382 | 1.47 | |
EQX | C | 8.250 | 6.31 | 1,044,300 | 1.40 | |
NPI | F | 19.830 | -1.29 | 1,410,702 | 1.28 | |
T | C | 22.040 | 0.64 | 4,123,664 | 1.23 | |
TRI | C | 231.670 | 0.19 | 326,381 | 1.22 | |
QSR | B | 99.630 | 1.63 | 679,505 | 1.06 | |
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