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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 24 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
MHHT B 1.840 -1.60 526,463 3.24
ELD D 8.450 -1.29 941,193 2.27
TWE C 12.000 0.25 4,776,358 1.59
ACU C 0.079 -2.47 223,392 1.47
CQR B 3.610 -0.28 2,056,525 1.45
STO D 7.020 2.63 11,658,868 1.44
RFF D 1.985 1.02 636,205 1.37
ASX A 63.930 0.00 482,188 1.35
ORI A 18.550 0.71 1,281,479 1.33
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