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 | |
---|---|---|---|---|---|---|
KPT | C | 8.400 | -1.06 | 40,007 | 3.22 | |
LIF | D | 28.690 | -2.41 | 402,279 | 2.00 | |
BBU.UN | C | 26.000 | -1.81 | 55,686 | 1.96 | |
ESI | B | 2.410 | -1.23 | 365,195 | 1.56 | |
TIH | D | 120.760 | 0.23 | 144,804 | 1.47 | |
NEO | C | 7.870 | -2.84 | 91,652 | 1.47 | |
DFN | B | 5.260 | -0.57 | 393,692 | 1.39 | |
GTWO | B | 1.550 | -1.27 | 213,715 | 1.31 | |
EFX | C | 7.610 | -2.69 | 271,382 | 1.27 | |
MTL | B | 13.870 | -1.77 | 225,544 | 1.22 | |
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