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
EAF 1.280 0.79 376,665 2.56
ALF 0.935 -1.58 550,694 2.41
MMS 15.780 0.00 384,808 1.44
WAM 2.270 0.89 696,201 1.28
CMW 1.245 0.00 7,633,838 1.19
VCX 2.580 -0.39 9,247,526 1.07
AEG 0.965 -0.52 134,394 1.01
ANN 27.750 0.62 464,199 0.84
MTS 3.050 0.99 2,268,639 0.80
WES 39.300 -0.25 1,760,158 0.80
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