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 | |
---|---|---|---|---|---|---|
LNF | D | 26.970 | -3.06 | 52,700 | 1.96 | |
T | D | 21.810 | 3.76 | 6,629,800 | 1.86 | |
GFR | B | 10.650 | -0.56 | 67,200 | 1.80 | |
ALS | B | 26.350 | -2.52 | 144,500 | 1.76 | |
NET.UN | C | 5.430 | -0.18 | 27,641 | 1.64 | |
TIH | D | 118.650 | -0.48 | 191,200 | 1.53 | |
RUS | B | 42.200 | -3.56 | 253,200 | 1.47 | |
LB | B | 27.100 | 0.37 | 470,000 | 1.34 | |
BLX | D | 33.220 | -0.12 | 313,200 | 1.22 | |
TECK.B | B | 67.780 | -4.27 | 1,704,135 | 1.14 | |
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