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 7 of the 17 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
TIH F 113.400 -0.53 274,289 1.89
IMO C 102.450 -0.69 1,305,382 1.47
EQX C 8.250 6.31 1,044,300 1.40
NPI F 19.830 -1.29 1,410,702 1.28
T C 22.040 0.64 4,123,664 1.23
TRI C 231.670 0.19 326,381 1.22
QSR B 99.630 1.63 679,505 1.06
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