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 19 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
BA B 515.00 -2.24 8,928,652 1.42
DLG D 303.10 -0.95 5,071,649 1.34
SAFE B 821.00 0.37 386,601 1.03
BBOX B 186.50 -0.64 4,716,798 0.91
LXI B 127.60 0.00 718,799 0.90
UU B 957.80 0.06 1,476,202 0.85
NCYF B 52.20 -0.38 574,235 0.84
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