Breakout anticipation candidates for swing traders
This is part scan and part manual process flow that looks for stocks meeting following conditions and having following characters:
- Confirmed momentum on one year time frame of at least 80% plus
- Volume above 100000 for last 3 trading days in a row
- Stock in pullback/consolidation mode
- series of narrow range days in pullback/consolidation
- orderly pullback with no break down days during the pullback or consolidation
- low volume pullback
- linear first leg.
- Stock should go up smoothly and not in volatile manner
- 3 to 10 days consolidation/pullback
- not up 3 days in a row
Stocks likely to breakout in few days:
IGTE
ASTX
CNQR
SVA
RPXC
AMCC
YGE
MPEL
TNGO
NKTR
BCRX
NUS
FSS
ZIOP
ABG
FNSR
SWM
PNK
AMED
CMLS
MTDR
FDML
AFFX
INCY
RPTP
ANAC
List is published daily for those interested in making money....
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