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.

Related Scans: Swing Setup Bullish Possible Breakout Investor's Business Daily / CANSLIM Basing
*** This is a Pro scan. Changes to the filters below will only be applied for Gold or Platinum Plan subscribers ***

Pro Scan

Results have been limited to 8 of the 22 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
JNJ 148.88 1.24 8,481,200 1.44
MRK 82.95 1.28 11,061,300 1.38
LASR 23.48 -0.09 347,800 1.35
AMGN 254.16 2.36 3,525,100 1.34
SJM 115.52 2.22 1,113,900 1.31
VZ 59.49 0.42 16,346,573 1.24
ECL 199.84 1.21 1,390,400 1.23
ABM 36.66 -0.70 419,900 1.09
Sign Up to view the next 14 stocks.
Back to All Scans...