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 83 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
MRO B 28.55 -1.28 36,027,438 5.79
WMG D 31.18 -7.40 7,891,801 5.29
CPA D 92.76 -12.33 1,410,645 4.55
NAVI F 14.93 1.01 2,097,805 3.19
NTAP C 126.68 2.62 4,456,454 2.98
CPRT B 56.90 2.67 8,401,032 2.09
IAC F 47.73 0.02 1,053,590 1.94
HTGC D 18.53 -1.54 1,635,175 1.87
A D 132.06 2.71 2,881,705 1.81
THC D 147.92 -2.58 2,251,708 1.78
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