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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 10 of the 31 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
AUB B 31.800 3.35 468,385 2.10
NHC A 4.970 1.02 3,306,146 1.62
WES B 73.420 0.74 1,649,335 1.53
MGR D 1.955 -1.26 17,250,212 1.43
BBN B 1.850 1.09 182,218 1.33
SDF A 6.000 0.00 3,007,487 1.29
ACL C 3.390 -1.74 672,034 1.28
SGM A 13.580 1.04 304,009 1.22
BSL D 20.490 -0.77 1,562,004 1.17
JHX B 54.470 -0.66 811,466 1.00
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