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 18 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
DIR.UN D 13.120 2.90 1,038,263 1.97
CIX B 17.310 -0.29 727,215 1.94
REI.UN D 18.380 0.99 1,184,116 1.40
GRT.UN B 77.010 1.96 111,667 1.36
GFL C 47.320 3.36 308,831 1.28
CRT.UN D 14.260 1.21 128,717 1.09
T F 21.590 1.17 3,239,385 1.07
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