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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.

Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing Setup
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Pro Scan

Results have been limited to 9 of the 25 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
AALI D 6175.000 0.00 546,000 0.81
EQ B 1.120 1.82 17,000 0.79
TNZ F 3.780 1.61 29,716 0.79
GRT.UN F 68.290 0.38 68,575 0.72
BPF.UN C 15.770 0.19 20,273 0.69
FIH.U D 14.080 0.00 23,845 0.66
MRU A 73.960 -0.80 234,050 0.57
PTI.UN B 6.810 -0.29 11,100 0.51
CJ D 6.860 0.88 304,905 0.48
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