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 43 matching stocks. For full access to this scan you must subscribe to a Pro Plan
Symbol Grade Close % Change Volume Vol Surge
IPL 22.340 0.27 4,382,107 2.30
SJ 45.040 -0.38 195,587 1.35
APR.UN 10.730 0.75 57,259 1.28
BLX 18.670 -0.16 305,497 1.28
FC 13.380 -0.37 47,876 1.20
PLC 25.450 0.87 78,541 0.99
L 66.360 0.77 524,775 0.98
PLZ.UN 4.130 0.00 49,179 0.95
MR.UN 7.760 1.04 10,017 0.93
HWO 3.850 0.52 29,700 0.89
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