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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 22 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
IPH D 5.860 0.00 1,782,646 2.30
MHHT A 1.845 0.00 332,999 2.06
RFF D 1.960 -0.25 856,338 1.71
PMC A 1.420 0.00 470,748 1.30
HLI B 4.040 -0.74 903,173 0.99
ELD D 8.540 0.00 396,118 0.97
SOL A 35.430 0.00 331,081 0.90
ORI C 17.760 0.00 797,314 0.81
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