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 | |
---|---|---|---|---|---|---|
EMA | F | 46.610 | -0.28 | 1,858,603 | 1.57 | |
TD | B | 80.370 | -0.17 | 10,580,954 | 1.39 | |
QBR.B | F | 28.730 | -0.66 | 707,344 | 1.36 | |
SPB | D | 9.340 | -0.95 | 830,412 | 1.19 | |
GRT.UN | F | 69.240 | -0.63 | 91,472 | 1.16 | |
FOM | B | 4.110 | 2.24 | 461,743 | 1.15 | |
MRU | D | 70.280 | 0.54 | 436,807 | 0.96 | |
RS | F | 11.740 | -0.93 | 18,279 | 0.92 | |
PRV.UN | D | 5.100 | -1.16 | 42,189 | 0.91 | |
GFL | D | 45.000 | -0.82 | 228,834 | 0.90 | |
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