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 | |
---|---|---|---|---|---|---|
GRT.UN | F | 69.240 | 0.10 | 139,834 | 1.90 | |
CPX | D | 36.120 | 0.70 | 674,233 | 1.82 | |
BPF.UN | A | 15.750 | -0.44 | 37,004 | 1.30 | |
CCA | F | 55.970 | 0.48 | 107,325 | 1.27 | |
SPB | D | 9.400 | 0.53 | 841,967 | 1.22 | |
CU | F | 29.820 | 0.91 | 560,374 | 1.14 | |
ET | D | 13.660 | -2.15 | 21,813 | 1.11 | |
NPI | F | 20.990 | -0.24 | 1,143,041 | 1.08 | |
EMA | F | 46.400 | 0.09 | 1,197,459 | 1.06 | |
FTS | D | 52.380 | 1.06 | 1,798,923 | 1.06 | |
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