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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 7 of the 18 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
RFF D 1.975 -1.25 1,241,933 3.21
CQR B 3.580 -1.92 3,707,842 2.95
IMD C 2.100 -6.25 1,725,230 2.12
ELD C 9.090 -1.09 855,212 2.05
RUL B 2.650 1.53 714,224 1.68
DXS A 7.630 0.13 7,211,775 1.47
ASX C 62.470 -1.56 519,861 1.38
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