Momentum Screens - Pocket Pivot Today in Strong Stocks (high relative strength)

Momentum Screens - Pocket Pivot Today in Strong Stocks (high relative strength) Image

This screens searches for Pocket Pivots in Strong stocks that happen near the SMA(10). A pocket pivot is a positive sign of price/volume behavior. Whether the stock is a buy or not remains to be judged on a case by case basis.

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Swing Trading
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Shared by user chartmill

Related Articles

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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.

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Relative Strength

Relative Strength measures price performance of a stock relative to the other stocks in the market.

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Strong Stocks

Strong stocks are consistent strong performers in the market

Related Videos

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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.

Stock Screener Settings

Signal2: Strong Stocks

This filters for strong stocks. Strong stocks are high relative strength stocks that show a stable uptrend.

Exchange/Fund: US Only

This filters for stocks trading on the US exchanges.

Signal: Pocket Pivot Today

This filters for pocket pivots today

Average Volume: 50 SMA > 300K

This filters for stocks with a minimum average daily volume of 300K to ensure liquidity.

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.


Chart Settings

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.