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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 8 of the 21 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
TOY C 31.570 1.54 104,134 1.39
TIH D 116.000 -0.51 150,156 1.16
TRI C 224.480 -0.58 326,725 1.13
RSI A 5.690 0.53 149,424 1.07
TOU B 62.650 -0.56 2,378,794 0.97
T D 21.650 0.09 2,940,383 0.83
FC B 11.480 0.53 50,267 0.75
LNF D 27.160 0.44 19,587 0.74
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