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Earnings Gap Up

 
Europe

This screen lists stocks on European exchanges that reported earnings today or on the previous business day and opened more than 3% above the previous close, with volume at least 1.5 times the 21-day average. A gap on earnings shows that results or guidance changed how investors value the company. Traders watch whether the stock holds the gap: a close near the high of the day is a sign of strength, and the low of the gap day is a common stop level. We have no estimate data, so the gap itself is the measure of the surprise.

Screening formula:
exch(xetra,bme,mil,par,ams) and type(stock) and wdays_since_earn_rep <= 1 and gapup > 3 and rvol(21) > 1.5 and draw(earnrep) and sortby(gapup, desc) and show(gapup as gap_pct, rvol(21) as rel_volume)
 
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