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 | |
---|---|---|---|---|---|---|
GFR | B | 10.710 | -2.37 | 165,718 | 4.60 | |
QTRH | C | 1.770 | 2.31 | 378,700 | 2.95 | |
TIH | F | 119.220 | -0.28 | 357,500 | 2.83 | |
SDE | F | 3.430 | -4.72 | 607,100 | 2.55 | |
BLX | D | 33.260 | 2.59 | 459,725 | 1.80 | |
AIF | C | 54.120 | -0.99 | 83,700 | 1.71 | |
CGX | D | 10.300 | -2.09 | 436,300 | 1.65 | |
RSI | C | 5.650 | -0.53 | 220,600 | 1.52 | |
AAPL | B | 33.370 | 2.08 | 192,503 | 1.47 | |
T | F | 21.020 | -0.14 | 4,879,467 | 1.40 | |
Sign Up to view the next 24 stocks. |
Popular Now
Recent Comments
- TraderMike on Canadian Depositary Receipts
- Cos3 on Canadian Depositary Receipts
- TraderMike on Canadian Depositary Receipts
- TraderMike on Canadian Depositary Receipts
- Cos3 on Canadian Depositary Receipts
From the Blog
Featured Articles