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 | |
---|---|---|---|---|---|---|
CSU | C | 4338.500 | 0.23 | 41,375 | 1.54 | |
T | D | 22.080 | -1.30 | 3,964,287 | 1.23 | |
SJ | D | 86.250 | 0.06 | 162,802 | 1.21 | |
BLX | C | 35.030 | -2.21 | 283,176 | 1.17 | |
CP | F | 108.760 | -0.28 | 1,524,671 | 1.14 | |
AALI | B | 6900.000 | 1.10 | 1,314,500 | 1.08 | |
EQX | B | 8.130 | -2.40 | 799,828 | 0.96 | |
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