Stocks nearing Support line.
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.
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Stock Screener Settings
Average Volume: 50 SMA > 500K
This filter excludes all stocks that have a lower daily average volume than 500K.
Exchange/Fund: US Only
This filter excludes all non US stocks.
Price: Above 5
This filter excludes all stocks that are trading below 5 dollar.
Support Strength: S1 Strength > 4
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.
Support: close 3% from S1
This filter finds stocks that are trading above, but close to the support line
ETF: none
This filter excludes all ETFs.
Support Length: S1 Length > 50
The support line should have a minimum length of 50 days.
Chart Settings
The support line is shown on the charts.
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.