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 | |
---|---|---|---|---|---|---|
SLF | D | 70.120 | 1.37 | 3,961,544 | 2.19 | |
BPF.UN | B | 15.950 | -0.19 | 57,565 | 2.06 | |
ALC | D | 14.450 | 0.00 | 22,975 | 2.04 | |
AND | D | 40.680 | 0.35 | 45,916 | 1.98 | |
PET | F | 27.930 | 0.68 | 96,087 | 1.59 | |
EIF | C | 48.270 | 0.21 | 112,066 | 1.53 | |
CIX | F | 14.490 | -0.48 | 534,072 | 1.27 | |
SPB | D | 9.420 | 0.75 | 797,552 | 1.17 | |
GFL | F | 43.450 | 1.78 | 265,904 | 1.09 | |
PMZ.UN | C | 13.510 | 0.37 | 129,075 | 0.98 | |
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