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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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Results have been limited to 8 of the 20 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
KSN B 0.086 3.61 2,863,905 3.17
TWE C 11.970 8.23 8,108,225 2.74
EDV D 4.990 -2.54 14,973,630 2.03
TOP D 0.640 -2.29 127,573 1.24
CQR B 3.620 -1.09 1,691,326 1.21
RFF D 1.965 -0.29 528,352 1.16
NAM B 0.710 -0.70 234,734 1.13
WOW D 33.430 0.24 2,076,669 0.93
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