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 92 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
SLVYY B 10.8200 -5.50 16,200 4.42
ISVQF B 5.4616 -0.52 864,900 3.14
CNO A 24.2500 1.59 1,340,290 2.36
ELEZY B 10.3054 -1.53 27,700 2.17
AVVIY B 9.7920 -1.39 183,100 2.11
MGDDY B 15.5350 -0.03 270,400 1.93
IDEXF B 37.6100 0.20 5,500 1.76
YACAF A 3.3200 0.00 13,900 1.57
CSV C 29.5400 -1.96 96,937 1.56
ALIZY A 24.2800 -1.34 142,600 1.34
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