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 | |
---|---|---|---|---|---|---|
CNS | C | 69.34 | -4.21 | 6,195,465 | 20.77 | |
ENB | B | 35.35 | 1.41 | 12,529,979 | 2.15 | |
DX | D | 11.46 | -1.04 | 2,682,195 | 2.12 | |
TD | D | 58.56 | 0.81 | 5,891,039 | 1.99 | |
OPCH | D | 30.41 | -2.16 | 2,421,160 | 1.98 | |
LVS | F | 46.56 | 2.42 | 7,881,122 | 1.80 | |
ZION | B | 41.32 | 3.51 | 4,431,188 | 1.69 | |
NVS | D | 95.12 | 0.81 | 2,447,772 | 1.57 | |
OHI | D | 30.26 | -0.53 | 2,521,547 | 1.56 | |
T | C | 16.31 | -1.21 | 54,170,133 | 1.52 | |
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