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 | |
---|---|---|---|---|---|---|
TSU | D | 40.990 | -0.27 | 145,448 | 1.85 | |
TIH | D | 119.090 | 0.37 | 224,948 | 1.83 | |
ADEN | C | 39.940 | 2.46 | 72,044 | 1.78 | |
ARG | B | 1.720 | 0.00 | 341,645 | 1.46 | |
CGX | D | 10.140 | -2.31 | 374,288 | 1.42 | |
RUP | B | 4.210 | -3.22 | 84,549 | 1.39 | |
EQX | D | 7.540 | -6.91 | 1,166,491 | 1.34 | |
NET.UN | C | 5.530 | 1.84 | 21,966 | 1.30 | |
AAPL | D | 32.900 | -1.29 | 171,514 | 1.30 | |
IFX | B | 1.550 | 1.97 | 25,600 | 1.19 | |
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