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 | |
---|---|---|---|---|---|---|
EMA | F | 46.360 | -0.17 | 5,119,634 | 4.58 | |
GRT.UN | F | 69.170 | -4.28 | 170,335 | 2.31 | |
BPF.UN | A | 15.820 | 0.38 | 48,197 | 1.73 | |
OSK | A | 2.990 | 1.36 | 1,336,616 | 1.32 | |
MTL | D | 14.310 | -2.59 | 149,570 | 1.11 | |
PZA | D | 13.220 | -0.83 | 26,686 | 1.05 | |
RS | F | 11.690 | 0.26 | 18,438 | 1.03 | |
CMG | A | 10.390 | 0.78 | 98,067 | 1.01 | |
CGO | D | 53.220 | 0.06 | 19,130 | 0.98 | |
MRG.UN | D | 15.430 | -1.41 | 20,458 | 0.97 | |
Sign Up to view the next 16 stocks. |
Recent Comments
- Deaddog on Deaddog Trades; Go ahead ask questions.
- Cos3 on Deaddog Trades; Go ahead ask questions.
- Deaddog on Deaddog Trades; Go ahead ask questions.
- SwingTradeBot on Market Recap for Tuesday, February 27, 2024
- SwingTradeBot on Market Recap for Monday, February 26, 2024
From the Blog
Featured Articles