HOW TO USE THIS REPORT:
The scan engine goes through all of the stocks in the US market and finds those which meet our criteria for the indicated pattern.
As an example, in the Bullish 1 pattern above, we were looking for stocks in a horizontal channel which had formed within the last 3 months.
We limited the price range to a minimum of $4 and 50,000 shares.
Stocks that passed the test presented and upper resistance and lower support line which is annotated on the accompanying chart.
Price and Volume rank simply indicate on a scale of -100% to +100% where the stock currently falls. A negative price rank of -80% as an example would indicate that the stock has been falling for quite some time which would be a negative for a stock that just broke down. A volume rank of +80% would indicate that volume has been rising which of course would be a positive in a breakout situation.