ModuleFinder does not resolve ".." correctly

GitHub fields:

assignee = None
closed_at = None
created_at = <Date 2019-08-09.00:02:55.522>
labels = ['3.7', '3.8', 'type-bug', 'library']
title = 'ModuleFinder does not resolve ".." correctly'
updated_at = <Date 2019-08-09.00:02:55.522>
user = 'https://github.com/mkleehammer'

bugs.python.org fields:

activity = <Date 2019-08-09.00:02:55.522>
actor = 'mkleehammer'
assignee = 'none'
closed = False
closed_date = None
closer = None
components = ['Library (Lib)']
creation = <Date 2019-08-09.00:02:55.522>
creator = 'mkleehammer'
dependencies = []
files = ['48535']
hgrepos = []
issue_num = 37796
keywords = []
message_count = 1.0
messages = ['349268']
nosy_count = 1.0
nosy_names = ['mkleehammer']
pr_nums = []
priority = 'normal'
resolution = None
stage = None
status = 'open'
superseder = None
type = 'behavior'
url = 'https://bugs.python.org/issue37796'
versions = ['Python 3.7', 'Python 3.8']