Mean Reversion Screen - Short Price Extreme UP

Mean Reversion Screen - Short Price Extreme UP Image
RUN IN STOCK SCREENER
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This screen shows stocks that have experienced a sharp increase in price in a short time and are therefore at least 9% away from their 20-day moving averages. This makes these stocks ideal candidates to look for mean reversion SHORT setups on the assumption that the price will at least temporarily move back towards the average price. The stocks you have witheld from this screen can be added into your actual trading platform, ready for the next trading day. Be sure to read the articles below and watch the accompanying video that explains exactly what the strategy entails and how to apply it. Good luck!


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Stock Screener Settings

Price: Above 5

Minimum Price filter

Today>=0%

This ensures us that the most recent day closed positive

Signal: New 10 day High Today

Current highest Price in 10 days

(close>=(sma20*1.09))

Custom filter, current price is at least 9% above SMA20 price

Stochastics: Stochastics Above 80

Overbought Level

Average Volume: 50 SMA > 500K

Minimal Liquidity

Exchange: US Only

Personal Preference

RUN
Chart Settings

Daily Charts

Regional Run

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.