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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 9 of the 24 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
LNF D 27.050 -0.41 77,900 2.82
ADW.A D 4.010 -0.74 65,300 2.48
PHX B 9.490 -0.73 173,300 1.93
TOU A 65.480 4.52 3,231,200 1.32
TIH D 115.500 -0.43 170,700 1.31
ADEN D 37.980 1.99 57,500 1.19
TRI C 224.580 0.04 305,900 1.06
CNQ D 47.210 0.36 10,349,800 0.95
T D 21.670 0.09 3,131,700 0.89
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