This screen looks for stocks breaking out above their highest annual price with increased volume.
In this article I will elaborate on a number of different screens that you can use to find qualitative momentum setups and I will go over a number of tweaks that allow you to fine-tune the screens so that they fit your personal situation even better.
Finding Breakout Setups for Swing Trading using the ChartMill Screening Filters.
Explore the fundamentals of breakout trading in this informative article. Understand what breakout trading is, how to spot potential breakouts, and the key factors that make this strategy popular among traders.
This filters for stocks near a new 52 week high.
suggested minimum price, to be adjusted to your own preference.
This filters for stocks with a minimum average daily volume of at least 300K. This filter ensures liquidity.
only stocks, no ETF's
suggested market, to be adjusted to your own preference.
significantly increased volume supports the breakout
additional volume filter for confirmation
5sma, 10sma and 20sma as overlays
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.