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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Symbol Grade Close % Change Volume Vol Surge
SKLKY 3.1500 0.90 549,100 8.38
ABNK 15.0000 0.00 22,100 7.32
NWIN 44.8100 -1.30 8,100 4.75
VIVEF 27.7200 -1.63 4,300 2.54
ARKAY 100.9300 -1.48 16,300 2.46
FABK 24.8200 -0.72 5,100 2.32
SABK 12.3100 0.08 6,400 2.29
RDSMY 29.5800 -0.97 143,500 2.27
YARIY 19.7400 -0.10 16,900 2.17
TGONF 12.2300 -0.98 7,300 1.79
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Related Scans: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM Basing
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