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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
IBM 134.26 -5.52 15,822,200 4.53
URI 127.90 5.12 6,030,000 4.14
EXC 44.06 -1.89 19,581,000 3.64
AMX 15.91 1.08 8,354,200 3.62
HOMB 18.66 -0.80 1,412,800 2.57
TXT 47.75 -5.39 3,109,800 2.27
AKR 28.65 -0.07 815,400 2.09
CVA 16.26 1.37 1,162,100 2.01
BHC 22.80 2.84 6,130,400 1.85
SANM 31.20 0.61 493,300 1.65
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