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 | 69.000 | -0.35 | 152,145 | 2.05 | |
CIX | C | 16.550 | 1.78 | 779,127 | 2.02 | |
TOI | C | 116.800 | -2.88 | 55,317 | 1.84 | |
CMG | A | 10.470 | -0.10 | 173,470 | 1.74 | |
NPI | F | 20.740 | -1.19 | 1,863,387 | 1.72 | |
RS | F | 11.840 | 1.37 | 31,198 | 1.68 | |
CRT.UN | F | 13.250 | 0.76 | 225,719 | 1.65 | |
FOM | A | 4.240 | -0.47 | 534,858 | 1.39 | |
SGD | D | 5.420 | -0.37 | 86,808 | 1.21 | |
EMA | F | 46.710 | 0.67 | 1,366,548 | 1.20 | |
Sign Up to view the next 19 stocks. |
Popular Now
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