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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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Pro Scan

Results have been limited to 7 of the 17 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
MTL B 14.370 -1.24 2,707,997 10.85
BDT D 22.500 -1.10 1,523,020 9.94
GIB.A C 152.950 -0.87 1,721,145 4.77
T C 22.750 -0.48 13,038,902 3.76
KPT C 8.500 0.12 40,516 2.71
BLX B 35.500 1.54 539,231 2.13
LIF B 30.700 -2.54 406,559 2.03
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