Mean Reversion Screens - Failed Breakouts above 52 week High

Mean Reversion Screens - Failed Breakouts above 52 week High Image
RUN IN STOCK SCREENER
(9)

This screen looks for stocks that have broken through their 52-week high within the past five days but have fallen more than 2% on the most recent trading day while closing lower than the previous trading day's low. In addition, the previous trading day must have ended positively.


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Stock Screener Settings

(close<previousLow)

Current close must be lower than the previous low

Price: Above 5

A minimum price

(previousClose>previousOpen)

Previous day closed positive

Signal: New 52 week High in last 5 days

Only stocks that reached a new 52 week high in the last 5 days

Average Volume: 50 SMA > 300K

Minimal liquidity

Today<=-2%

This filters for stocks moving at least 2% down today

RUN
Chart Settings

SMA10 and SMA20 visible on the chart

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.