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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 24 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
NOC F 450.77 0.95 2,867,156 2.86
CTRA B 28.52 2.74 14,170,288 2.35
ES C 59.23 2.88 4,679,565 2.28
EXC B 37.55 2.23 12,030,142 2.04
AEE D 73.37 2.60 3,160,448 1.95
NJR B 43.46 2.62 840,258 1.93
LKQ F 43.03 2.65 3,409,124 1.86
DE F 374.76 1.74 2,331,748 1.66
BG B 107.59 2.33 2,330,182 1.65
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