Pocket Pivot Pullback

As described by Gilbert Morales and Chris Kacher in their books on the O'Neil Disciple, the Pocket Pivot is an early buy point. This screener looks for strong stocks (with a high chartmill RS rank and near the 52 week high) with a pocket pivot off the 20-sma in the last 5 days that have made a pullback into the pocket pivot. According to Mr. Morales, it is recommended to buy as close as possible to the low of the pocket pivot. Since this is a screener that puts pocket pivots in a breakout context, it is important for the trader to have a constructive base. Since this screener looks for stocks that are in 2% range to their 10-sma and 20-sma, some sideways consolidation should have taken place at these averages.