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 | |
---|---|---|---|---|---|---|
ADEN | C | 40.460 | 4.28 | 233,200 | 5.13 | |
MHC.U | C | 15.250 | 5.90 | 45,221 | 1.98 | |
BLX | D | 32.870 | 0.21 | 446,400 | 1.77 | |
TIH | D | 116.990 | 0.42 | 213,100 | 1.68 | |
ENGH | D | 30.010 | -3.10 | 101,100 | 1.28 | |
GFR | B | 10.140 | 1.91 | 48,306 | 1.26 | |
T | D | 21.340 | -2.15 | 4,271,000 | 1.19 | |
RUS | B | 42.320 | -2.96 | 192,000 | 1.16 | |
TRI | B | 231.430 | -1.86 | 267,500 | 0.95 | |
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