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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 20 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
TGH B 1.000 2.04 120,240 2.87
KPT D 8.450 -0.35 23,348 1.58
CGO B 57.120 0.69 20,689 1.22
WCP B 10.550 0.76 2,084,186 1.00
CG B 10.050 4.04 963,489 0.99
MAL A 9.460 1.83 9,600 0.91
PEY B 14.950 0.27 841,984 0.88
EFX C 8.000 0.25 185,800 0.84
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