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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 9 of the 23 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
ORI A 18.020 -2.86 1,492,446 1.53
MVF C 1.250 2.04 1,197,432 1.49
RFF D 1.970 -0.76 570,413 1.21
CWY B 2.900 -1.36 4,850,446 1.19
TWE C 11.660 -2.83 3,506,013 1.16
MHHT B 1.835 -0.27 172,624 1.12
MOT D 2.160 -0.46 601,302 1.05
NXT A 17.380 -0.69 2,665,308 0.90
ELD D 8.550 1.18 340,127 0.84
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