MDR Charting, page-148

Good to see a test of the breakout today and I hold the same general positive sentiment going forward, however, pretty sure this doesn't qualify as a Cup & Handle formation, given the C&H is a continuation pattern in an existing uptrend; whereas MDR has simply based, formed a bottom and broken out.

See here:

https://www.incrediblecharts.com/technical/cup_and_handle.php

And here:

http://www.investopedia.com/university/charts/charts3.asp

Components of the Cup and Handle There are several components of the cup and handle that should be noted in order to evaluate the potential trading signal. First, it's important that there is an upward trend before the formation of the cup and handle.