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 22 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
PIA A 1.155 0.00 120,440 0.78
CWY C 2.760 -0.72 2,138,348 0.63
TLC C 5.010 -1.18 1,941,907 0.62
MOT A 2.180 0.46 340,418 0.60
LLC C 6.810 0.59 851,885 0.59
AFG C 1.570 -1.26 148,418 0.58
DXI D 2.640 0.00 325,690 0.57
CQR D 3.400 0.89 715,058 0.53
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