Discover Hot IPO Breakouts with ChartMill's New Screen

We’re excited to introduce a powerful new screen designed to help you capture high-potential IPO stocks that are on the verge of breaking out to new highs.

This strategy is inspired by none other than legendary trader Jesse Livermore, whose timeless trading principles have influenced generations of investors.

In his book "How to Trade in Stocks," Livermore emphasized the importance of buying stocks as they break out to new highs, signaling strong momentum.

He believed that this was often the moment when the real opportunity for big gains began.

Interestingly, two-time US trading champion Mark Minervini highlighted exactly this strategy in a recent interview, noting that Livermore referred to IPOs - particularly when they reached new highs - as excellent opportunities.

You can hear Minervini's take at the 01:01:01 mark in his latest video with Investor’s Business Daily here.

Be sure to watch the rest of this insightful video with one of the best traders in the world!

With this in mind, we’ve developed a new screen in ChartMill to help you easily find IPOs from the past year that are on the verge of breaking out to new highs. These are the stocks showing strong demand, which can be a powerful signal for future growth.

Here’s what this new screen offers:

IPO Focus: Targets stocks that have gone public within the last year.

Breakout Potential: Filters IPOs that are breaking out to new all-time highs or are close to doing so.

Easy Access: With a few clicks, you can see which IPOs are gaining momentum and could be ready for their next big move.

Screen 1 :

• US Stocks Only
• Minimum Price $3
• Minimum Average Trading Volume > 100K
• IPO in Last Year
• Short Term Trend Positive
• Within 3% of 20-day High

To explore this new screen, simply [click here]. If you're looking to capture opportunities in IPO’s on the verge of a breakout, this is the perfect tool to add to your trading arsenal!

Screen 2 :

• US Stocks Only
• Minimum Price $3
• Minimum Average Trading Volume > 100K
• IPO in Last Year
• Short Term Trend Positive
• New 20-day High Today

This is a slightly modified version that targets stocks that have just reached a 10-day high [Direct link to this screen here].

As always, ChartMill is here to provide you with the best tools for finding great trades, no matter what strategy you are using. Let's make the most of this exciting market!

Best regards,

The ChartMill Team