Stocks with sudden price increases (surges) & stocks with sudden volume increases (surges), stocks starting new trends, breakouts through overhead resistance, selling climaxes, reversal patterns, and "watch list" candidates.
Often, the surges highlighted on an alert list will not be particularly attractive to a trader because the stock's pattern will be compromised by nearby overhead resistance. However, the alerts sometimes present an opportunity to get in at the beginning of a nice move. A stock's closing price relative to the day's price action and overall price pattern, and its volume at the close (and the percentage change in volume for the day) are important when the stock has had a price surge, gap or spike. These lists are presented so that you can evaluate the situation for yourself.
Subscribers get a list of up to 90 stocks that have had both a volume and a price surge at the same time. The free list provided below is taken from the bottom portion of the subscriber list.
Individual Stock Alerts (Price Surges)
The free lists of surging stocks provided here focus on 1-day surges and are found by scanning a database of more than 8000 stocks. These stocks have all experienced some unusual action. A daily review of the charts of stocks listed here can enable you to observe setup configurations evolving, and maybe also enable you to uncover stocks that have recently started out on new trends, stocks breaking out of a consolidation pattern, or stocks that have had unusual market activity for some other reason. We suggest reviewing the charts of these stocks to see if they are of sufficient interest to warrant purchase or inclusion on your "watch list." One reason for including a stock on your watch list is so you can monitor it while waiting for a good entry point. For example, you might wait for a pullback to a rising trendline. You might also wait for some sign that the trendline is holding or that the stock is responding to it in a positive way. Waiting for such a pullback can also help you optimize your stop-loss placement. The buy price is then only slightly above support. Therefore, when the stop loss is placed a little below the expected support (the trendline), any decline that triggers the stop will be a meaningful decline because support could not stop the decline, but the decline that triggers the sell order will also be relatively small (and so will any loss if the unexpected happens).
The free list posted here consists of up to 20 stocks that have surged in price by at least 2%. They have also had a simultaneous volume surge of at least 50%. For example, if there are more than 100 stocks that have surged in price 2% or more and that also have had a volume surge of 70% or more, then we provide subscribers with a list of the top 90 stocks in order of price surge magnitude. The bottom 20 stocks on that list are provided below. Remember that, in general, the greater the price and volume surge, the higher the probability of a subsequent move. Therefore, the stocks most likely to have a significant move tend to be higher on the subscriber list. Even so, stocks included in the top 90 that have had both a volume and a price surge and taken from a database of over 8,000 stocks, should be worth investigating. The minimum volume surge percent used in our screening is reported at the top of the table so you can do your own screening. If the subscriber list is short on a given day, there may not be any stocks listed below. There would be none listed here, for example, if subscribers get a list of 70 stocks.
A price increase of 1% combined with a 50% volume decrease may not be particularly noteworthy (but it could be). However, a price increase of 2% combined with a 50% increase in volume will definitely generate some interest. The numbers reported are percent changes for price and volume respectively. For example, a reading of 23 in the "Vol % Ch" column would mean that volume surged 23%. Short-sellers will be interested in stocks with large negative surges on heavy volume. The column headings are closing price, % change in price, 1-day percent change in volume (Vol % Ch), and 12-day momentum (12d Mom).
Want to know about the timeliness of these scans? Click on New or Old?
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