Saturday, January 20, 2007

Filtering for breakout setups


Here is a scan I'm working on for stocks to find consolidating high volume stocks set to breakout. I need to work on the filter some more, but this is a start- TradeIdeas

I need to specialize, so I will be focusing on the oil sector for some of my stock picks. I will also be looking at stocks consolidating near 52 week highs and lows as a start.

Here's a nice consolidation and breakout pattern seen in GROW.






Oil looks like it could bounce, APA is breaking out, and BP looks set to breakout with a nice bull flag pattern.

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