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 | |
---|---|---|---|---|---|---|
MRG.UN | D | 15.550 | -0.58 | 46,689 | 2.24 | |
EMA | F | 46.740 | 0.09 | 2,548,773 | 2.16 | |
SPB | D | 9.430 | 0.43 | 1,088,787 | 1.56 | |
QBR.B | F | 28.920 | 1.19 | 790,569 | 1.55 | |
GRT.UN | F | 69.680 | 0.48 | 110,594 | 1.42 | |
CPX | F | 35.590 | -0.22 | 532,676 | 1.40 | |
MRU | F | 69.900 | 0.47 | 559,062 | 1.23 | |
CCA | D | 55.756 | 0.44 | 97,101 | 1.17 | |
PZA | D | 13.350 | 0.91 | 30,835 | 1.16 | |
RS | F | 11.850 | 0.77 | 21,501 | 1.09 | |
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