Stock Screener: Breakouts From A Base
To find stocks that are breaking out from a long-term base, we need to screen for stocks that have started to trend and are making hew highs. Use the following filters.
Directional Movement: ADX Crossover
ADX crossing above 20 signals a stock that has started to trend.
Percentage Of Price High
Identify stocks making new highs by screening for 100% Minimum Percentage Of Price High.
Add a Volume Filter to eliminate illiquid or dormant stocks.
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Yahoo [YHOO] turned up in a screen of the S&P 500 for stocks with 12 Month Price Move less than zero and Closing Price above the 100-Day EMA.
Mouse over chart captions to display trading signals.
- Enter when price respects the 100-day MA (not on the first cross-over).
- Look for confirmation from Twiggs Money Flow respecting zero -- signaling accumulation.