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1/22/2018

1/16/2018

How to find breakout setups January 16, 2018

What to look for in a good 4% or $ b/o





What to look for in a good 4% or $ b/o

  • Stock should not be up 3 days in a row
  • Negative day or narrow range day (of less than 2%) pre breakout day
  • Close near high or within 20% of high
  • Orderly pullback or base of 5 to 40 days pre breakout
  • No 4% breakdowns during the base or pullbacks
  • For stocks with established momentum select stocks with linear first leg
  • Avoid choppy stocks based on past action
  • Higher the volume on breakout day better it is for 4% b/o
  • Volume surge is not critical for $ b/o

Stocks expecting 50% plus growth : IBD Marketsmith Screen