Momentum Screens - Pocket Pivot Today in Strong Stocks (high relative strength)
Pocket Pivots
A Pocket Pivot is a price/volume pattern that reveals an interest of large players and is available in our charts and stock screener.
Relative Strength Performance Filter
Relative Strength measures price performance of a stock relative to the other stocks in the market.
Strong Stocks
Strong stocks are consistent strong performers in the market
Related Videos
Pocket Pivots in Trading Explained : Showing you why you should buy when institutional traders buy.
In this video I discuss the concept of pocket pivots in trading as they are described in the book 'Trade Like an O'Neil disciple' by Gil Morales and Chris Kacher.
Signal: Pocket Pivot Today
This filters for pocket pivots today
SMA1: Open Near SMA 10
This filters for stocks where the open was near the SMA(10). This ensures that the stock is still in a buy-able position when the pocket pivot occurs.
Average Volume: 50 SMA > 300K
This filters for stocks with a minimum average daily volume of 300K to ensure liquidity.
Exchange/Fund: US Only
This filters for stocks trading on the US exchanges.
Signal2: Strong Stocks
This filters for strong stocks. Strong stocks are high relative strength stocks that show a stable uptrend.
The 10 and 20 SMA are shown on the chart. The pocket pivot indicator highlights the current and previous pocket pivots.
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.