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 34 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
ESP B 94.00 -1.05 2,542,330 2.50
PHNX F 481.70 -4.50 4,666,424 2.43
VLX D 284.50 -0.35 734,903 2.13
MTU C 99.00 -0.20 517,709 1.86
BCG D 233.00 1.75 552,122 1.59
BVIC F 836.00 -0.95 475,550 1.50
IDOX F 63.00 0.00 713,635 1.45
SSON D 1378.00 -0.14 625,073 1.33
HLN F 315.00 -2.26 22,147,331 1.20
HHI F 153.00 1.66 342,092 1.15
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