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 | |
---|---|---|---|---|---|---|
PRB | B | 1.500 | 0.67 | 168,573 | 3.66 | |
AND | D | 41.050 | -1.96 | 38,250 | 1.77 | |
PTI.UN | A | 6.560 | 0.15 | 44,700 | 1.75 | |
CU | A | 30.230 | -0.23 | 845,123 | 1.73 | |
GFL | C | 44.840 | -2.01 | 444,386 | 1.69 | |
CIX | C | 16.700 | 2.45 | 640,873 | 1.62 | |
ACO.X | C | 37.800 | 0.00 | 308,851 | 1.49 | |
SPB | D | 9.370 | -0.21 | 847,010 | 1.22 | |
GRT.UN | D | 69.690 | 0.11 | 110,929 | 1.21 | |
NXR.UN | F | 7.030 | -0.57 | 154,581 | 1.19 | |
Sign Up to view the next 22 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