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 | |
---|---|---|---|---|---|---|
CCL.B | A | 72.680 | 1.44 | 702,401 | 2.94 | |
ELE | D | 1.080 | -3.57 | 66,211 | 2.22 | |
DFN | C | 5.100 | -2.49 | 658,597 | 1.88 | |
IFC | C | 222.400 | 0.32 | 531,677 | 1.88 | |
DFY | C | 42.910 | -0.26 | 143,009 | 1.64 | |
DXT | F | 5.390 | 0.37 | 66,223 | 1.39 | |
PMZ.UN | B | 13.460 | 0.15 | 161,465 | 1.30 | |
AI | C | 10.820 | -0.73 | 33,758 | 1.27 | |
SBC | C | 8.750 | -0.91 | 26,322 | 1.19 | |
RAY.A | B | 7.620 | 0.66 | 37,930 | 1.19 | |
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