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 | |
---|---|---|---|---|---|---|
TIH | D | 116.500 | -1.37 | 316,000 | 2.53 | |
CRRX | C | 1.980 | -1.00 | 25,900 | 2.11 | |
AIF | B | 57.730 | 0.45 | 96,200 | 1.73 | |
ADEN | D | 38.800 | -0.72 | 67,600 | 1.64 | |
TSU | D | 40.050 | -1.28 | 131,582 | 1.59 | |
MND | B | 3.280 | -0.91 | 48,900 | 1.21 | |
BLX | D | 32.800 | 0.89 | 282,800 | 1.15 | |
TECK.B | D | 62.860 | -2.87 | 1,656,216 | 1.12 | |
TRI | B | 235.810 | -0.29 | 309,400 | 1.10 | |
NPI | F | 20.220 | 0.50 | 1,232,400 | 1.06 | |
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