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 | |
---|---|---|---|---|---|---|
EIF | D | 46.380 | -1.34 | 353,916 | 5.29 | |
PET | C | 30.940 | -3.52 | 118,237 | 2.19 | |
PMZ.UN | D | 13.430 | -2.68 | 234,262 | 1.78 | |
PZA | D | 13.390 | -0.15 | 43,649 | 1.61 | |
FIH.U | D | 14.190 | -1.11 | 51,848 | 1.57 | |
WED | A | 3.880 | 0.52 | 180,772 | 1.55 | |
AND | F | 40.580 | 0.67 | 34,527 | 1.52 | |
SJ | D | 72.670 | -1.78 | 250,422 | 1.48 | |
NFI | C | 13.220 | -0.68 | 192,776 | 1.45 | |
MRG.UN | D | 15.690 | 1.36 | 33,770 | 1.41 | |
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