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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 22 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
CJ B 7.060 -0.70 957,797 1.70
GFL D 46.010 -1.39 381,028 1.54
QBR.B D 29.710 -1.16 586,678 1.31
BTB.UN B 3.150 -1.25 110,848 1.26
PZA F 13.230 -1.56 31,135 1.24
MRG.UN C 15.560 -1.21 24,589 1.18
GRT.UN C 74.010 -1.60 81,559 1.12
EIF C 46.660 -2.75 88,572 1.07
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