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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 9 of the 25 matching stocks. For full access to this scan you must subscribe to a Pro Plan
Symbol Grade Close % Change Volume Vol Surge
RECP 24.620 -0.16 43,501 2.91
PPL 49.090 -0.37 2,172,819 1.99
KPT 9.110 -0.33 23,900 1.95
WIR.U 13.850 0.80 109,328 1.63
CVE 11.360 3.74 3,835,067 1.41
GRT.UN 63.320 -0.41 148,493 1.25
CU 38.230 0.10 339,767 1.12
CRT.UN 14.450 0.91 73,625 1.06
WPK 46.700 1.43 48,644 1.00
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