Stocks Making: Cup with Handle on 10/19/2018

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
IBKC 75.67 0.49 890,300 2.81
BMY 54.30 -3.00 14,976,487 2.59
MMP 65.27 1.04 1,779,000 2.44
GPC 101.34 0.52 1,681,400 2.38
KMB 110.23 0.69 4,236,700 2.19
SIVB 281.84 -2.55 792,500 1.94
PPG 101.39 2.42 3,331,000 1.87
UNVR 26.60 -3.17 2,111,000 1.87
RDS.B 67.72 1.45 3,146,900 1.86
MNR 15.48 0.45 987,400 1.81
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