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 | |
---|---|---|---|---|---|---|
SGD | B | 5.780 | -3.02 | 265,876 | 3.31 | |
SJ | B | 80.610 | 10.93 | 503,727 | 2.87 | |
PET | D | 30.780 | -0.52 | 137,326 | 2.49 | |
PTI.UN | B | 6.670 | 1.52 | 62,600 | 2.44 | |
KXS | F | 144.310 | -0.88 | 132,460 | 2.03 | |
CRT.UN | C | 13.890 | 2.74 | 287,936 | 1.94 | |
XTC | C | 7.650 | 1.46 | 37,482 | 1.94 | |
EIF | D | 46.440 | 0.13 | 125,579 | 1.86 | |
PMZ.UN | C | 13.710 | 2.08 | 222,567 | 1.65 | |
ATZ | B | 36.280 | -4.25 | 397,526 | 1.43 | |
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