Skip to main content

Looking for breakouts? Try our new stock screener

The Alert HQ lists of alerts and reversals are a great source for finding stocks and ETFs that are breaking out from down-trends or breaking down from up-trends.

Finding stocks that are breaking out of a messy consolidation phase can be a bit harder to do. The good news is that the Premium Stock Screener at our new site TradingStockAlerts.com has a neat way of doing it.

Putting the Trend Performance Score to work --

Start at the very top of this new screener where the focus is on recent changes. Set the Trend Performance criteria to "Somewhat bullish (>3)" and the Change in Trend Performance to "Bullish to Very Bullish (>1)"

What this means is that we are looking for stocks that have been moving sideways or upwards and are suddenly showing a noticeable move upwards; ie: a breakout.

If you want to eliminate those stocks that are already in an up-trend, you can add a couple of more criteria. For example, looking for MACD flipping to bullish or recent bullish improvements in the 50-day Moving Average will tend to help identify those stocks that are just moving out of their consolidation patterns.

Add some fundamental criteria --

Now that the chart pattern you are looking for is set, you can add some fundamental criteria. I always like to pick stocks that exhibit some "reasonable value" characteristics. The screener offers the ability to look for low Price-to-Sales, moderate PE, low Debt-to-Equity and low to moderate Enterprise Value-to-EBITDA among other criteria.

Give it a try --

The Premium Screener does require that you become a member of the TradingStockAlerts.com site but you can just register with a free account and be able to use all the features described above.

Give it a try and let us know what you think. It's a new site and we look forward to your feedback!

Comments

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation

Unlock Stock Market Profits - Key #1

This is the first in an ongoing series of articles where I discuss what I feel are keys to successful investing. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) There are two basic steps to investing. First, you need to find stocks that seem to have some potential. Then you have to determine whether these stocks are actually good investments. There are many stocks that at first glance look interesting, but further research reveals that there are too many negatives to warrant taking a position. This first post in the series starts at the beginning: getting good investment ideas. Key #1: If something special is happening to a stock, it will be reflected in some kind of unusual activity in the markets. As individual investors, we will never be the first to know; however, unusual activity can be an early sign that allows us to follow the Wall Street professional

Unlock Stock Market Profits - Key #4

This is the fourth article in a series of posts describing 10 tools to help you identify and evaluate good investing ideas. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) With this fourth post, we will continue another step along the path of finding stocks that seem to have some potential. The first post in the series discussed how to use unusual activity to identify investing ideas. The second post described how to use stock screeners. The third post described how to use lists of new highs and new lows. This post will focus on identifying social or business trends in order to find investing ideas. Information on new trends might turn up anywhere. In conversation with friends or business associates, in newspapers or magazines, on TV or though your work. The key is to be aware of trends and how they start, stop or change. We'll start by describing what