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 | |
---|---|---|---|---|---|---|
CMG | A | 10.350 | -2.36 | 997,308 | 8.91 | |
MTL | F | 13.120 | -9.08 | 1,339,602 | 8.75 | |
CU | B | 30.640 | 0.66 | 1,017,338 | 2.08 | |
PRB | B | 1.530 | -2.55 | 57,950 | 1.46 | |
QBR.B | F | 28.470 | -0.90 | 728,232 | 1.37 | |
BTB.UN | A | 3.170 | 0.32 | 108,797 | 1.34 | |
ACO.X | B | 37.770 | 2.44 | 273,663 | 1.26 | |
GRT.UN | D | 68.680 | -0.81 | 99,982 | 1.26 | |
MRG.UN | C | 15.550 | -0.26 | 25,828 | 1.26 | |
AND | C | 41.560 | -0.62 | 29,226 | 1.21 | |
Sign Up to view the next 20 stocks. |
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