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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.
      		•
      Expansion Breakout Rules (via 'Hit & Run Trading'):
    1. Day 1 (today) - Stock must make a two-month calendar High.
    2. Day 1's range must be the largest of the previous 9 trading days.
    3. For the buy: tomorrow only, buy 10 cents above today's high.
    4. Initial maximum risk (stop loss) 1 point under Day 1's close.
    5. Thereafter, use a trailing stop.
        		6.
        Expansion Pivot Buy Setup Rules (via 'Hit & Run Trading'):
      1. Today's trading range must be greater than the daily range of the past nine trading sessions.
      2. Either yesterday or today, the stock is trading at or below the 50-day moving average and explodes higher.
      3. Tomorrow buy 10 cents above the explosion-day high.
      4. Our initial protective stop is 1 point below the explosion day's close.
          		5.
          Expansion Pivot Sell Setup Rules (via 'Hit & Run Trading'):
        1. Today's trading range must be greater than the daily range of the past nine trading sessions.
        2. Either yesterday or today, the stock is trading at or above the 50-day moving average and explodes lower.
        3. Tomorrow sell short 10 cents below the explosion-day low.
        4. Our initial protective stop is 1 point above the explosion day's close.
            		5.
            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.