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 | |
---|---|---|---|---|---|---|
SPPP | D | 13.100 | 0.15 | 179,370 | 11.29 | |
FCD.UN | C | 4.980 | -1.19 | 149,099 | 7.95 | |
WSP | C | 209.100 | 1.25 | 1,167,607 | 5.84 | |
FNV | D | 159.810 | -0.60 | 1,857,046 | 5.32 | |
CNR | D | 160.110 | -0.84 | 6,081,194 | 4.94 | |
CCL.B | B | 71.040 | 0.27 | 1,215,378 | 4.63 | |
TOU | D | 60.550 | -2.96 | 11,052,103 | 4.38 | |
OGC | A | 3.230 | -3.58 | 6,907,675 | 4.29 | |
DFY | C | 43.390 | 0.88 | 354,852 | 3.96 | |
DIR.UN | D | 12.300 | -0.97 | 1,757,258 | 3.95 | |
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