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 | |
---|---|---|---|---|---|---|
OIII | B | 1.500 | 2.04 | 156,500 | 2.62 | |
GRT.UN | D | 69.890 | 0.29 | 234,476 | 2.46 | |
AND | F | 40.310 | -1.80 | 54,453 | 2.46 | |
ALC | C | 14.740 | 0.07 | 22,501 | 2.07 | |
NET.UN | B | 4.960 | -0.20 | 20,391 | 1.81 | |
PRB | B | 1.510 | 0.67 | 76,433 | 1.62 | |
HTL | B | 1.390 | -0.71 | 88,720 | 1.52 | |
FIH.U | C | 14.350 | -1.03 | 48,808 | 1.51 | |
BPF.UN | B | 15.730 | 0.13 | 40,384 | 1.50 | |
SPB | D | 9.490 | 1.28 | 954,393 | 1.40 | |
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