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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 130 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
MELI D 1872.01 5.52 1,327,705 3.76
CSWC F 22.91 -1.72 1,089,572 3.71
CDMO B 12.26 0.16 5,233,098 3.39
BDX F 231.64 1.99 3,891,342 2.97
RPRX F 26.21 -1.17 5,978,045 2.84
HTGC B 19.67 -0.15 1,684,290 2.32
UTZ C 17.43 2.83 1,355,454 2.14
RYN D 30.99 -2.05 1,209,305 2.06
WLK F 132.15 -3.08 979,699 2.03
GSL D 24.58 -0.61 610,015 1.97
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