This screen finds stocks that are trading just above a support line. A sell stop order can be put in place as soon as the price breaks down the support level. Another possibility is to buy the stock if a false breakdown occurs and the price is pushed up again.
A collection of screens to find good short trading candidates.
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
In this video I am going to share with you 5 different short screening ideas which will help you to find the best short trading setups.
This filter excludes all stocks that have a lower daily average volume than 500K.
The support line should have a minimum strength of 4. This means that the support line was tested at least 4 times in the past.
The support line should have a minimum length of 50 days.
This filter excludes all non US stocks.
This filter excludes all ETFs.
This filter excludes all stocks that are trading below 5 dollar.
This filter finds stocks that are trading above, but close to the support line