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 | |
---|---|---|---|---|---|---|
MLC | F | 1.900 | 0.00 | 181,501 | 11.02 | |
PRU | B | 2.450 | 4.26 | 118,100 | 3.23 | |
EQX | C | 7.990 | 2.96 | 1,193,008 | 1.51 | |
DR | B | 13.980 | -0.29 | 44,100 | 1.42 | |
MDI | D | 8.400 | 2.44 | 113,000 | 1.20 | |
MTL | C | 14.480 | 1.19 | 249,100 | 1.07 | |
KPT | C | 8.420 | -0.59 | 20,145 | 1.04 | |
CSU | C | 4340.000 | -0.64 | 30,531 | 1.03 | |
TFII | D | 184.730 | -0.92 | 144,800 | 1.01 | |
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