Scanning to Find Trades - Price Bounce from Pullback
-from FreeStockCharts.com
Goal
To isolate stocks which after a moderate pullback are rebounding in price.
Category
Price Action, Pullback, Volume, Scanning, Breakout, WatchList, Moving Average
Method
By using scan conditions for Price and Volume range as well as price in relation to a 20- and 50-bar moving
average identify stocks that have pulled back from an uptrend and are now rebounding in price.
Steps
Here is a step-by-step guide for this exercise at FreeStockCharts.com:
To isolate stocks which after a moderate pullback are rebounding in price.
Category
Price Action, Pullback, Volume, Scanning, Breakout, WatchList, Moving Average
Method
By using scan conditions for Price and Volume range as well as price in relation to a 20- and 50-bar moving
average identify stocks that have pulled back from an uptrend and are now rebounding in price.
Steps
Here is a step-by-step guide for this exercise at FreeStockCharts.com:
Results
The WatchList has now been reduced to those stocks in the Russell 3,000 which are trading above $3, have more than 250,000 daily volume, have been below the 50-bar simple moving average and are crossing now up through the 20-bar simple moving average. Each chart for the stocks in the WatchList will have a pullback followed by a bounce (rebound) in price.
The WatchList has now been reduced to those stocks in the Russell 3,000 which are trading above $3, have more than 250,000 daily volume, have been below the 50-bar simple moving average and are crossing now up through the 20-bar simple moving average. Each chart for the stocks in the WatchList will have a pullback followed by a bounce (rebound) in price.
Remember
In any drop-down menu--simply start typing what you are looking for to activate the Smart Search feature that reduces the number of items in the list to those with the letters typed.
In any drop-down menu--simply start typing what you are looking for to activate the Smart Search feature that reduces the number of items in the list to those with the letters typed.