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 | |
---|---|---|---|---|---|---|
PRQ | B | 1.350 | 1.50 | 179,040 | 3.80 | |
LMN | B | 36.210 | 5.72 | 141,103 | 3.16 | |
AW.UN | B | 34.570 | 0.64 | 70,254 | 2.05 | |
EQ | C | 1.100 | 0.92 | 19,597 | 1.83 | |
FRU | D | 13.030 | 0.46 | 689,384 | 1.64 | |
LB | C | 26.170 | -1.43 | 368,495 | 1.58 | |
LIF | D | 29.080 | 0.59 | 321,968 | 1.56 | |
EFX | C | 7.410 | -3.77 | 328,711 | 1.53 | |
ATD | D | 76.840 | -1.39 | 2,169,400 | 1.48 | |
GTWO | C | 1.460 | -2.67 | 236,452 | 1.39 | |
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