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 | |
---|---|---|---|---|---|---|
GRT.UN | F | 68.760 | -1.02 | 325,238 | 3.86 | |
FOM | A | 4.360 | -0.46 | 1,440,854 | 3.25 | |
MTL | F | 13.140 | 0.77 | 359,590 | 2.27 | |
PET | B | 31.540 | 1.12 | 116,160 | 2.03 | |
QBR.B | F | 28.550 | 0.35 | 961,600 | 1.75 | |
AND | D | 41.390 | -0.36 | 31,312 | 1.36 | |
CPX | F | 35.420 | 0.31 | 482,563 | 1.23 | |
PIX.UN | A | 8.040 | 0.25 | 34,610 | 1.23 | |
NXR.UN | F | 7.020 | -0.57 | 155,987 | 1.18 | |
MRG.UN | D | 15.440 | -0.39 | 22,491 | 1.13 | |
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