How To Find Top-Ranked Stock Breakouts (In Less Than 30 Minutes A Day)
Dec 24, 2012
In this stock trading strategy video, we use our new swing trading stock screener to show you how to identify the top-ranked stock breakout candidates of the US, Canadian, German, or Indian stock markets in 30 minutes or less every day.
Specifically, we show you the power and simplicity of our preset “potential breakout scan” that enables short-term traders to scan for the stocks that automatically meet the following technical analysis criteria:
- Stock is showing a high relative strength (RS) ranking (our propriety indicator that compares individual stock performance versus the broad market over the past 6 to 12 months)
- Stock is trading not more than 20% below its 52-week high
- Stock is trading above its 50-day moving average
- The 50-day moving average is above the 200-day moving average
Stocks that meet all the technical trading requirements above are stocks with a high likelihood of breaking out to new highs within the next week or two (assuming the overall broad market remains healthy). Actual stock picks highlighted in this video as current potential breakouts include the following ticker symbols: $SPF, $SWI, and $VAC.
In this trading education video, we also show you how to quickly and easily export the list of the best stock breakout candidates to Excel or CSV format, so that data can be imported into your own stock trading software.
To view this 4-minute video, press the “play” button on the window below. For best quality, be sure to watch in full-screen and HD mode (720p) by clicking the icons on bottom right of video player window:
Still in beta mode for at least a few more weeks, the MTG Stock Screener is presently free for anyone to use, and no website registration is required. To see for yourself how quick and easy it is to find the top-ranked stock breakout candidates, simply go to: http://screener.morpheustrading.com.
Since the stock scanner is web-based software, there is nothing to download. You can even run this technical stock screener on your iPad, iPhone, or Android smart device, making it easy to do your daily stock scanning research on the go.
Have you tried our powerful, but user-friendly, swing trading stock screener? We’d love to hear your feedback, comments, or questions by dropping us a line below. As always, sharing this post is also appreciated.