meow1234
20 posts
msg #51789
- Ignore meow1234 |
5/24/2007 10:07:50 PM
Help me write a scan or filter. I am looking to find stocks that have been consolidating over the past three weeks that could be about to break out. A good example would be AMZN where it jumped about 40%, stayed in a narrow range, then blasted through it's highs. I'm looking for stocks where the highs and lows of the past 15 trading days stays in a 10% trading range of a stocks price. For example if the stock price closed at 60, I'm looking for stocks that haven't moved more than 10% from that 60 close in the last 15 days(example 57 to 63). Also 14 day RSI greater than 50. Thanks in advance. Many stock services try to find stocks consolidating for breakouts and when they do all their followers pounce on those stocks if they breakout with heavy volume. In AMZN's case the stock ran 15% over 3 days.
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