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Breakout Stock Scans
This collection of scans is used to find stocks which have broken through resistance based on some criteria. That could be price rising above a moving average, crossing above the upper Bollinger band, or making a new high in price. Momentum-based traders may want to use these signals as entry criteria. On the contrary, some bearish contrarians may want to use these signals as part of their own short-selling entry criteria to catch bulls off-guard in whipsaw situations.
Name Description
Above Upper BB Stocks which closed above their upper Bollinger Band.
BB Squeeze + Lower Band Touch Stocks in a Bollinger Band Squeeze which touched the lower band.
BB Squeeze + Upper Band Touch Stocks in a Bollinger Band Squeeze which touched the upper band.
Crossed Above 20 DMA Price rose above the 20-day moving average
Crossed Above 50 DMA Price rose above the 50-day moving average
Expansion Breakout Rules (via 'Hit & Run Trading'):
  • Day 1 (today) - Stock must make a two-month calendar High.
  • Day 1's range must be the largest of the previous 9 trading days.
  • For the buy: tomorrow only, buy 10 cents above today's high.
  • Initial maximum risk (stop loss) 1 point under Day 1's close.
  • Thereafter, use a trailing stop.
      		•
      Expansion Pivot Buy Setup Rules (via 'Hit & Run Trading'):
    1. Today's trading range must be greater than the daily range of the past nine trading sessions.
    2. Either yesterday or today, the stock is trading at or below the 50-day moving average and explodes higher.
    3. Tomorrow buy 10 cents above the explosion-day high.
    4. Our initial protective stop is 1 point below the explosion day's close.
        		5.
        New 52 Week Closing High Price made a new 52-week closing high
        New 52 Week High Price made a new 52-week high
        Upper Bollinger Band Walk Stocks which are walking up their upper Bollinger Bands