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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
SNC B 0.740 0.00 430,591 4.24
EDV B 5.240 0.19 14,199,821 3.17
WMI D 1.440 -0.69 715,754 3.00
IGL C 2.050 -1.44 626,610 2.88
WOR D 15.310 -0.39 6,777,622 2.76
GNC B 8.110 -3.57 1,601,365 2.66
DSE C 0.270 -1.82 776,399 1.58
APE D 12.220 2.52 567,508 1.48
IPL B 2.770 -0.72 4,675,505 1.25
AND C 2.400 0.42 237,184 1.25
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