A consolidation breakout screener for strong upward trend stocks currently consolidating near the market top
How this screener works
Requires: 50-day MA signal = "Buy", price > $2, 20-day average volume > 50,000, 1-month high hit more than 5 times, 9-day historic volatility < 50-day historic volatility (decreasing volatility), 9-day MACD oscillator < 50-day MACD (decelerating momentum), 9-day ATR < 50-day ATR (narrowing range), 5-day average volume < 50-day average volume (decreasing volume), price above 20-day MA, 20-day MA > 50-day MA, 5-day MA > 20-day MA, within 3% of 1-month high, and today's low < high from 2 days ago. This combination of stacked bullish MAs with decreasing volatility, ATR, and volume near highs identifies base-building before the next leg up.
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