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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Results have been limited to 7 of the 19 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
EQ D 1.090 -0.91 28,880 2.28
TOU B 63.000 0.74 4,062,267 1.66
POU B 31.010 0.00 792,646 1.52
TOY D 31.090 -0.64 103,955 1.41
ADEN D 38.340 -1.11 63,350 1.36
TCW B 4.850 4.30 670,391 1.08
CNQ C 47.170 1.20 12,266,261 1.06
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