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 | |
---|---|---|---|---|---|---|
AALI | B | 6825.000 | -1.09 | 3,821,300 | 3.17 | |
EQ | D | 1.080 | 0.00 | 40,900 | 2.80 | |
AAPL | C | 33.850 | -2.37 | 189,988 | 1.63 | |
AMZN | C | 22.050 | -2.61 | 293,209 | 1.57 | |
EQX | B | 8.330 | 2.59 | 861,264 | 1.05 | |
FIH.U | B | 15.020 | 0.13 | 23,873 | 0.94 | |
LB | C | 26.700 | -1.58 | 302,225 | 0.92 | |
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