Up 3 days in a row, near a 52 week low

This filter attempts to find stocks that are trading at lows but starting to show strength. The filter is set so that the stock must be trading within 10% of its 52 week low but at the same time it must have gone up in price in the last 3 trading days. When one views the daily charts, the patterns are quite consistent. In many cases, one can view the traditional bowl pattern that a stock makes after a large price decline. That is the price drops, then the price drop declines, then there is a slight increase in price creating what appears to be a saucer or bowl at the bottom of the chart. The advantage of catching these stocks before a breakout is that if there is a breakout it can represent a very large percent because the stock price is already at a low.

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How to Screen Out these Stocks with ChartSmart

Creating this Filter List is quite simple. You can view the criteria and their settings in the criteria settings as shown. Next click on RUN FILTERED LIST, close the filter menu and go to the chart menu. Next click on the GRP button and then use the FORW button and BACK button to scroll through the charts in your filtered list.

Watch the video of this strategy.

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