Breakout Screens - Weekly Chartmill Channel Breakout

Breakout Screens - Weekly Chartmill Channel Breakout Image

This screen finds stocks that have a long upper weekly chartmill channel. The stock is currently trading near the upper channel line. The channel line acts as resistance, when the stocks breaks this resistance a possible strong move may follow.

Swing Trading
Position Trading
Breakout Trading
Shared by user chartmill

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Stock Screener Settings

Average Volume: 50 SMA > 300K

This filter excludes stocks with an average daily volume below 300K.

Signal: Weekly CC breakout

This filter finds stocks trading near the weekly upper chartmill channel. The upper channel line has a minimum length of 20 weeks.


Chart Settings

Weekly charts with the chartmill channels are shown.

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.