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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 23 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
ADEN C 40.760 7.43 558,400 9.72
TRI D 224.360 -0.40 1,023,500 3.37
CRRX D 1.900 7.34 36,120 2.69
TIH D 116.610 -0.11 339,267 2.50
ALS C 26.310 -1.24 185,600 2.07
IMO B 105.920 -1.95 1,568,249 1.68
QTRH D 1.600 3.90 201,409 1.60
T D 21.640 1.79 5,404,746 1.54
RUS B 43.800 -0.99 230,718 1.43
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