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 | |
---|---|---|---|---|---|---|
MRG.UN | D | 14.920 | -1.84 | 181,839 | 7.88 | |
CPX | F | 35.530 | -1.11 | 1,732,028 | 4.07 | |
PRB | B | 1.510 | -0.66 | 141,100 | 3.25 | |
CJ | B | 6.900 | -2.27 | 1,102,265 | 1.82 | |
WCP | B | 10.000 | -4.21 | 4,208,441 | 1.67 | |
MG | F | 65.550 | -0.38 | 1,679,224 | 1.57 | |
AND | B | 42.100 | 0.94 | 28,678 | 1.33 | |
BPF.UN | D | 15.610 | -0.70 | 33,825 | 1.27 | |
LNR | F | 64.310 | -0.80 | 82,708 | 1.09 | |
GFL | D | 43.780 | -0.34 | 256,533 | 0.99 | |
Sign Up to view the next 23 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