Many setups | stockbee

1/14/2013

Many setups



Breadth is in extreme territory, but the market is correcting by going sideways. It is not a runaway move. You will see that in the trend of stocks up 25% in a month.

Lot of stocks after initial breakout have gone sideways or in some cases faded the b/o move.

As far as setups are concerned many stocks are in sideways range contraction mode. That bodes well for further breakouts. The list of stocks below is in various stages of forming sideways range contraction patterns. 

ABC
ACHC
ADTN
AMSG
AOL
ARNA
ARRS
AUMN
AVG
BMRN
BONT
BPZ
BYD
CFX
CLB
CMG
CZR
DELL
DFT
DWA
EJ
FCN
FSS
GRPN
GSVC
HDB
HOGS
HT
IBN
ICPT
INAP
ISIL
KAR
KBH
KMX
LAMR
MAR
MBT
MINI
MSCI
NUE
OI
PMCS
PXD
PXP
RATE
RDN
RHT
SAH
SATS
SFLY
SGMS
SUSQ
TEX
TNGO
TQNT
UFS
VMED
VVI
WFT
WOOF
WST

The large number of potential setups is a good sign for potential breakout trades. 

2 comments:

Zhiqiang Chen said...

Thanks for all your hard work and sharing your work. Do you mind sharing your scan criteria, please?

Pradeep Bonde said...

Avgc7/avgc65>1.05 and c>5 and minv3.1>1000 sorted by 10 Ma and then the one with lower readings are hand selected.