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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 8 of the 22 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
ADW.A D 4.020 0.25 56,006 2.08
PHX B 9.760 2.85 150,213 1.68
FC B 11.560 0.70 109,980 1.61
T D 21.380 -1.34 4,884,552 1.39
MND A 3.470 2.66 54,329 1.35
GFR C 10.270 4.16 50,048 1.26
TIH D 116.070 0.49 155,941 1.18
CNQ C 48.300 2.31 11,117,762 1.07
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