I will be following the recommendation of Kristjan Qullamaggie for scanning for breakout candidates. See the Breakout section here.
The intent is to use poin-in-time scan results to look for trade candidates for a backtest.
There will be three point-in-time scan results each week. Each scan will have the common criteria.
- Average Daily Range Percent (ADR) of past 20 days >= 4 (3.5 prior to 2024).
- Close above 200 Day Simple Moving Average.
- Share price >= 2.5.
- Average Daily Dollar Volume of past 20 days >= 6,000,000.
- Average Daily Volume of past 20 days >= 250,000.
The three scans will be:
- Top ranked 100 stocks where Rate of Change for past 20 Days (Roughly 30 Calendar days) >= 30%
- Top ranked 100 stocks where Rate of Change for past 65 Days (Roughly 90 Calendar days) >= 30%
- Top ranked 100 stocks where Rate of Change for past 130 Days (Roughly 180 Calendar days) >= 30%
The consolidated scan results are in this directory.