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 | C | 15.220 | -0.26 | 87,901 | 2.38 | |
PMZ.UN | D | 12.930 | -2.78 | 293,473 | 2.06 | |
WSP | B | 210.590 | -0.41 | 290,675 | 1.42 | |
NTR | D | 71.150 | -1.03 | 1,715,036 | 1.42 | |
BK | B | 10.910 | -0.14 | 92,800 | 1.35 | |
WCP | C | 10.060 | -1.66 | 2,695,938 | 1.29 | |
DOO | D | 85.980 | -3.57 | 262,726 | 1.27 | |
AGF.B | A | 8.710 | 1.04 | 55,995 | 1.25 | |
EIF | D | 44.920 | 0.90 | 90,397 | 1.20 | |
WPK | B | 44.000 | 0.87 | 47,589 | 1.12 | |
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