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 | |
---|---|---|---|---|---|---|
CIX | F | 14.720 | -12.12 | 1,589,225 | 4.01 | |
TOU | B | 65.090 | -3.38 | 9,208,619 | 3.98 | |
PRB | D | 1.470 | -0.68 | 173,331 | 3.35 | |
PET | D | 28.560 | -1.18 | 135,974 | 2.27 | |
SGD | B | 6.010 | 6.00 | 173,433 | 2.15 | |
CJ | B | 6.910 | -1.99 | 1,019,534 | 1.75 | |
BTB.UN | B | 3.200 | 0.00 | 121,060 | 1.71 | |
ALC | D | 14.560 | -0.07 | 18,361 | 1.64 | |
FOM | B | 4.260 | -0.70 | 716,810 | 1.55 | |
STLC | C | 42.970 | 3.89 | 302,288 | 1.47 | |
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