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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 21 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
MOT D 2.150 -0.46 1,647,900 2.74
MHHT B 1.835 0.00 243,578 1.57
PMC A 1.430 0.70 532,931 1.52
RFF D 1.990 1.02 695,086 1.44
ORI B 17.860 -0.89 1,343,917 1.36
WOW D 32.970 -1.49 2,254,363 1.00
OPH A 2.680 0.00 249,060 1.00
ELD D 8.470 -0.94 365,871 0.91
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