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 9 of the 23 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
HGT C 332.00 -1.78 1,655,651 2.48
MNOD D 33.73 -3.49 2,010,046 2.48
SN B 1558.00 1.14 3,992,518 1.67
SVT B 2509.00 0.32 777,319 1.60
BRFI D 118.50 0.42 422,408 1.41
GSK C 1411.00 0.13 10,152,647 1.37
HTWS D 163.00 0.37 810,160 1.12
HL D 1595.50 1.14 713,292 0.95
AZN B 8415.00 1.12 1,963,490 0.94
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