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.

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Symbol Grade Close % Change Volume Vol Surge
PPC A 1.195 0.42 591,756 5.88
LNW C 139.310 -1.25 245,962 2.20
AAC B 1.405 3.31 267,382 1.94
WMI C 1.465 0.34 486,792 1.76
IGL D 1.985 -2.22 329,201 1.70
AND C 2.350 2.17 326,262 1.49
ATA D 0.775 -3.73 172,589 1.41
FLT D 19.840 -2.84 1,178,402 1.25
REA B 184.420 -1.55 167,412 1.21
REG A 4.020 -3.37 563,444 1.18
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