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
Or combine this in a: Combo Scan or a Back-To-Back Scan
*** This is a Pro scan. Changes to the filters below will only be applied for Gold or Platinum Plan subscribers ***

Pro Scan

Results have been limited to 6 of the 15 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
GRA C 2.570 3.63 78,284 2.00
AX.UN B 6.780 0.74 223,710 1.95
AOI F 2.380 -1.24 412,432 1.00
ETC B 14.750 5.13 9,699 0.93
NPI D 23.190 0.52 696,500 0.87
RAY.A B 7.750 0.13 28,797 0.85
Sign Up to view the next 9 stocks.
Back to All Scans...