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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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Symbol Grade Close % Change Volume Vol Surge
MSDL B 20.80 -1.75 1,443,055 3.19
CWEN F 25.28 2.64 1,639,416 2.11
WMG D 30.05 -0.60 3,440,455 2.11
MKC D 74.76 2.08 3,567,794 1.93
MOD B 140.00 -1.88 1,208,852 1.83
ALLY C 40.09 1.11 5,700,052 1.75
SUN B 55.75 1.11 675,413 1.71
GPK D 27.57 -1.18 3,171,909 1.58
WBS C 58.62 -1.16 1,563,802 1.56
PEB C 14.00 -0.07 2,622,879 1.54
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