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 | |
---|---|---|---|---|---|---|
CRR.UN | C | 13.690 | -2.14 | 467,463 | 2.77 | |
EU | C | 5.940 | 4.58 | 672,250 | 2.75 | |
QBR.B | F | 29.690 | -1.49 | 1,090,237 | 2.72 | |
KNT | D | 6.300 | 0.32 | 1,393,023 | 2.27 | |
DIR.UN | D | 13.180 | 0.46 | 855,518 | 1.60 | |
HR.UN | D | 9.250 | 1.09 | 719,038 | 1.58 | |
REI.UN | D | 18.470 | 0.49 | 1,184,964 | 1.41 | |
GRT.UN | B | 77.310 | 0.39 | 112,222 | 1.35 | |
MTL | D | 14.520 | -0.21 | 182,308 | 1.23 | |
MRE | D | 12.160 | -0.25 | 257,376 | 1.16 | |
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