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 | |
---|---|---|---|---|---|---|
TFII | F | 186.030 | -3.42 | 710,000 | 4.63 | |
WCP | D | 9.970 | 1.02 | 6,866,800 | 3.03 | |
CSW.A | F | 12.640 | -0.71 | 25,700 | 1.78 | |
MAL | C | 9.280 | -0.11 | 18,800 | 1.77 | |
SDE | F | 3.650 | 0.55 | 345,400 | 1.46 | |
MDI | D | 8.500 | 0.83 | 126,698 | 1.39 | |
TECK.B | B | 70.890 | -1.46 | 1,946,184 | 1.36 | |
XOM | D | 21.750 | 2.59 | 18,329 | 1.30 | |
LB | B | 27.400 | 0.51 | 418,651 | 1.29 | |
DSG | C | 137.990 | -2.38 | 114,400 | 1.13 | |
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