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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 17 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
PMC A 1.420 -0.70 709,880 1.97
MOT D 2.150 0.00 956,510 1.59
ELD D 8.540 0.83 538,294 1.33
RFF D 1.965 -1.26 507,516 1.04
HVN B 4.860 -0.61 1,828,725 0.91
EDV D 4.940 -1.20 6,514,296 0.89
IPH D 5.860 -2.01 649,615 0.86
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