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 | |
---|---|---|---|---|---|---|
EQ | D | 1.090 | -0.91 | 28,880 | 2.28 | |
TOU | B | 63.000 | 0.74 | 4,062,267 | 1.66 | |
POU | B | 31.010 | 0.00 | 792,646 | 1.52 | |
TOY | D | 31.090 | -0.64 | 103,955 | 1.41 | |
ADEN | D | 38.340 | -1.11 | 63,350 | 1.36 | |
TCW | B | 4.850 | 4.30 | 670,391 | 1.08 | |
CNQ | C | 47.170 | 1.20 | 12,266,261 | 1.06 | |
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