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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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Results have been limited to 10 of the 195 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
E C 31.76 1.08 489,162 1.80
RGA D 211.46 -3.86 602,564 1.73
SITC D 17.53 0.81 1,313,853 1.57
HPK C 15.46 2.05 540,123 1.56
AME D 166.54 -2.10 1,891,189 1.38
CHEF D 38.57 -4.05 478,614 1.37
CNC F 71.49 -0.82 5,182,578 1.36
FIHL D 17.10 -8.26 698,529 1.35
DECK B 158.83 -4.78 2,479,193 1.34
INTU F 602.43 -1.35 1,710,214 1.33
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