HOOK: Craft Brewers Alliance
The stock above has 7 million float. These kind of low float stocks often make big moves if there is catalyst and high volume breakout. Using Telechart you can easily find such breakouts.
How to find low float stock breakouts
C >= 1.04 * C1 AND V >= 1000 AND V > V1 (4% breakout scan pcf.)
Use it in a Easyscan with following settings:
Common Stocks Breakout= true Latest float= market rank= 1 to 35
Use the list to analyse each breakout like we do in Episodic Pivots method.
Concept: Low float+catalyst= explosive move
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2 comments:
Pradeep,
Pretty Nice and precise.
Could you please define "float".
Did you mean the stock should be small cap with Mkt Cap of 7 million ?
Or it is float short?
Regards,
Sunny
It is the float of 7 million not capitalization or short interest. Float is the actual number of shares available for trading.
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