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 | |
---|---|---|---|---|---|---|
RFF | D | 1.975 | -1.25 | 1,241,933 | 3.21 | |
CQR | B | 3.580 | -1.92 | 3,707,842 | 2.95 | |
IMD | C | 2.100 | -6.25 | 1,725,230 | 2.12 | |
ELD | C | 9.090 | -1.09 | 855,212 | 2.05 | |
RUL | B | 2.650 | 1.53 | 714,224 | 1.68 | |
DXS | A | 7.630 | 0.13 | 7,211,775 | 1.47 | |
ASX | C | 62.470 | -1.56 | 519,861 | 1.38 | |
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