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The Stocks Looking Up Strategy

Description
The Stocks Looking Up Strategy identifies stocks that are trading near their OR high. By looking at the stocks in this Strategy you will find OR patterns as they are developing rather than after they have advanced though the OR high. The objective of this Strategy is to give you time to analyze breakout candidates before they move above the OR.

The criteria for this scan are simply that the stock must be trading in the top 20% of it's daily range and below the 30-minute OR high. While the OR high does not necessarily have to be equal to the high of the day, it must be close to qualify. The results are sorted with the stocks having the greatest relative volume in the last five minutes at the top of the HotScans table.

How to find the best candidates
This Strategy is looking for the candidates that will show up in the Basic Bullish OR Breakout Strategy before they breakout. The intention is to monitor these stocks from the long side until they breakout. Therefore, for tactics on how to trade the stocks that show up in this scan you should review the "How to find the best candidates" section of the Basic Bullish OR Breakout Strategy and/or the free e-book available on this site, "Trading The 10 O'clock Bulls".



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