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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Pro Scan

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Symbol Grade Close % Change Volume Vol Surge
ATO A 115.28 0.74 6,076,142 6.74
BDXB D 48.16 1.39 2,728,034 6.52
PRO A 30.32 3.48 1,165,247 4.55
AOS C 63.94 -4.12 4,781,946 4.38
PTC A 134.40 1.29 3,011,229 4.34
NTAP B 66.35 -3.98 7,411,350 3.81
FTV B 65.11 -3.17 7,784,094 3.49
KN A 17.98 -0.61 2,176,347 3.39
FORM A 31.29 -1.11 1,175,593 3.26
EQIX A 745.55 1.50 1,292,030 3.17
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