Set Up:
Greenline
Bullish, Day, Reversal, Early
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This search identifies stocks that have recently pulled back and are
now reversing higher on an expanded daily range. Read all of the tutorials
to get a feel for what you should be looking for and then view the symbols
to find stocks that conform to this set-up.
Search Criteria: Greenline
- The average daily range has expanded recently.
- The average daily volume is greater than 300,000 shares.
- The stock has opened near its daily low and is trading near its daily high.
- The stock has traded lower the last 10 days relative to the last 30 days.
- The stock has traded higher the last 5 days relative to the prior 10 days.
- The last trade is greater than the 5 day high.
- The stock is currently trading above yesterday’s close.
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