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 | |
---|---|---|---|---|---|---|
GRT.UN | F | 69.350 | 0.51 | 195,480 | 2.55 | |
RS | F | 11.760 | -0.68 | 48,663 | 2.51 | |
CPX | F | 35.670 | -0.70 | 787,051 | 2.09 | |
EMA | F | 46.700 | -0.02 | 2,115,002 | 1.84 | |
TOI | C | 119.650 | 2.44 | 48,811 | 1.59 | |
QBR.B | F | 28.580 | 0.11 | 782,964 | 1.56 | |
CU | D | 30.180 | -0.07 | 725,464 | 1.50 | |
FTS | C | 53.450 | 1.06 | 2,469,628 | 1.45 | |
T | D | 22.020 | 0.69 | 4,700,941 | 1.45 | |
MRU | D | 69.570 | -0.19 | 629,134 | 1.40 | |
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