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 25 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
HLI A 4.290 2.39 1,919,874 1.77
CWY C 2.780 2.96 3,862,998 1.14
MYS B 3.780 0.00 131,425 0.93
WOW F 29.890 0.30 2,140,366 0.90
TLC B 5.070 1.40 2,793,252 0.88
DXI D 2.640 -1.12 478,989 0.84
ELD D 8.530 -0.12 316,254 0.78
AFG C 1.590 -1.85 195,756 0.76
ORG C 9.850 1.34 2,646,408 0.75
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