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 | |
---|---|---|---|---|---|---|
ADW.A | D | 4.020 | 0.25 | 56,006 | 2.08 | |
PHX | B | 9.760 | 2.85 | 150,300 | 1.68 | |
FC | B | 11.560 | 0.70 | 110,000 | 1.61 | |
T | D | 21.380 | -1.34 | 4,884,552 | 1.39 | |
MND | A | 3.470 | 2.66 | 54,329 | 1.35 | |
GFR | C | 10.270 | 4.16 | 50,048 | 1.26 | |
TIH | D | 116.070 | 0.49 | 155,900 | 1.18 | |
CNQ | C | 48.300 | 2.31 | 11,117,762 | 1.07 | |
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