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 | |
---|---|---|---|---|---|---|
PSD | B | 2.300 | 0.00 | 53,667 | 4.48 | |
SLF | D | 69.910 | -0.65 | 4,536,422 | 2.43 | |
CCA | F | 56.000 | -0.39 | 117,784 | 2.10 | |
CIX | F | 14.720 | 1.80 | 821,002 | 1.90 | |
STLC | B | 43.890 | 4.00 | 366,960 | 1.72 | |
EIF | D | 46.630 | -3.68 | 112,997 | 1.66 | |
RS | D | 12.110 | 1.09 | 35,842 | 1.65 | |
PIX.UN | C | 7.920 | -0.25 | 34,000 | 1.51 | |
PRB | F | 1.410 | 3.68 | 82,100 | 1.26 | |
AND | F | 38.500 | -3.29 | 28,725 | 1.26 | |
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