Back to All Scans...
Range Expansion Stock Scans
This set of scans helps to find stocks which are experiencing higher than typical trading ranges. These may be useful in momentum and/or breakout trading strategies.
Name Description
BB Squeeze Ended Stocks which ended a Bollinger Band Squeeze today.
Expansion Breakdown Rules (via 'Hit & Run Trading'):
  • Day 1 (today) - Stock must make a two-month calendar low.
  • Day 1's range must be the largest of the previous 9 trading days.
  • For the short sale: tomorrow only, sell 10 cents below today's low.
  • Initial maximum risk (stop loss) 1 point above Day 1's close.
  • Thereafter, use a trailing stop.
    1. Expansion Breakout Rules (via 'Hit & Run Trading'):
    2. Day 1 (today) - Stock must make a two-month calendar High.
    3. Day 1's range must be the largest of the previous 9 trading days.
    4. For the buy: tomorrow only, buy 10 cents above today's high.
    5. Initial maximum risk (stop loss) 1 point under Day 1's close.
    6. Thereafter, use a trailing stop.
      1. Expansion Pivot Buy Setup Rules (via 'Hit & Run Trading'):
      2. Today's trading range must be greater than the daily range of the past nine trading sessions.
      3. Either yesterday or today, the stock is trading at or below the 50-day moving average and explodes higher.
      4. Tomorrow buy 10 cents above the explosion-day high.
      5. Our initial protective stop is 1 point below the explosion day's close.
        1. Expansion Pivot Sell Setup Rules (via 'Hit & Run Trading'):
        2. Today's trading range must be greater than the daily range of the past nine trading sessions.
        3. Either yesterday or today, the stock is trading at or above the 50-day moving average and explodes lower.
        4. Tomorrow sell short 10 cents below the explosion-day low.
        5. Our initial protective stop is 1 point above the explosion day's close.
          1. Outside Day Stocks which made an outside day (a higher high and a lower low than the previous day).
            Parabolic Rise Stocks which are in the midst of an extremely sharp rally. They are very extended and may be ripe for a pullback.
            Wide Bands Stocks with widely spread Bollinger Bands, indicating high volatility.
            Wide Range Bar Volatility Expansion: Today's price range was more than double the average true range.