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 | |
---|---|---|---|---|---|---|
GRA | C | 2.570 | 3.63 | 78,284 | 2.00 | |
AX.UN | B | 6.780 | 0.74 | 224,000 | 1.95 | |
AOI | F | 2.380 | -1.24 | 412,432 | 1.00 | |
ETC | B | 14.750 | 5.13 | 9,699 | 0.93 | |
NPI | D | 23.190 | 0.52 | 696,500 | 0.87 | |
RAY.A | B | 7.750 | 0.13 | 28,797 | 0.85 | |
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