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 | |
---|---|---|---|---|---|---|
LNF | D | 27.050 | -0.41 | 77,900 | 2.82 | |
ADW.A | D | 4.010 | -0.74 | 65,300 | 2.48 | |
PHX | B | 9.490 | -0.73 | 173,300 | 1.93 | |
TOU | A | 65.480 | 4.52 | 3,231,200 | 1.32 | |
TIH | D | 115.500 | -0.43 | 170,700 | 1.31 | |
ADEN | D | 37.980 | 1.99 | 57,500 | 1.19 | |
TRI | C | 224.580 | 0.04 | 305,900 | 1.06 | |
CNQ | D | 47.210 | 0.36 | 10,349,800 | 0.95 | |
T | D | 21.670 | 0.09 | 3,131,700 | 0.89 | |
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