Profit Pullback Swing Trading Screener

Get ready for another captivating stock screener known as the "Profit Pullback Scanner." In the dynamic world of swing trading, identifying opportunities where strong stocks experience temporary pullbacks can be a lucrative strategy. These pullbacks often serve as consolidation phases before the stocks continue their upward trajectory. Join us as we explore the significance of each parameter in this scanner, empowering you to uncover potential profit opportunities.

LAST is less than ANALYTIC Simple Moving Average (Daily, 10)

The first parameter in the scanner focuses on identifying stocks that have retraced below a short-term moving average (10-day) but remain near their medium-term high. This criterion helps us pinpoint stocks that have experienced a recent pullback, potentially indicating a temporary dip in price. By targeting such stocks, we position ourselves to capitalize on the potential for a rebound.

LAST is greater than ANALYTIC Simple Moving Average (Daily, 20)

The second parameter complements the first by ensuring that the stock's current price (LAST) is still above the medium-term moving average (20-day). This condition helps us filter out stocks that may have experienced significant downward momentum and are trading below the 20-day moving average. By focusing on stocks that remain above this level, we increase the likelihood of capturing potential upward momentum.

LAST is less than ANALYTIC 20 DAY HIGH by 5%

The third parameter adds an additional layer of precision to this scanner. By considering stocks whose last traded price (LAST) is within 5% below the 20-day high, we identify stocks that have recently retraced but are still in close proximity to their recent highs. This criterion allows us to target stocks that may be poised for a rebound, as they have shown strength in reaching recent highs and are now undergoing a temporary consolidation phase.

Volume is greater than 100,000 (optional parameter)

An optional parameter to consider is the volume requirement. By setting a minimum volume threshold of 100,000, we ensure that the selected stocks have sufficient liquidity and trading activity. This step helps filter out thinly traded stocks that may not provide optimal trading conditions.

So we can conclude, the Profit Pullback Scanner focuses on identifying stocks that have retraced below a short-term moving average but remain near their medium-term high. By incorporating criteria such as LAST vs. moving averages, proximity to recent highs, and optional volume requirements, this scanner enables swing traders to uncover potential profit opportunities during consolidation phases.

With the Profit Pullback Scanner at your disposal, you are now equipped to identify potential swing trading opportunities during pullback phases. Take advantage of this powerful tool to uncover stocks that may be primed for a rebound and potentially maximize your profits. Happy trading!

Disclaimer: Please note that the Profit Pullback Scanner is a tool for informational purposes only. The parameters provided should not be considered as financial advice or guarantees of future performance. It is important to conduct thorough research, analyze market dynamics, and consider your own investment goals before making any trading decisions. Swing trading involves risks, and past performance is not indicative of future results. Remember to consult with a qualified financial advisor or professional before engaging in any investment activities.