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Breakout Trigger

 
Canada

This is step 6 of the Minervini ladder, the breakout trigger. It lists stocks on the Toronto Stock Exchange that pass the Trend Template, had a tight Volatility Contraction Pattern within 6% of the pivot on drying-up volume as of the previous bar, and today crossed above the pivot, the highest price of the previous 20 bars. The list is sorted by relative volume: Mark Minervini wants volume at least 40% above average on a real breakout, and the Buy Now screen adds that test. If this list is empty, watch the VCP Near Pivot screen. Prices are in Canadian dollars, and the list covers TSX-listed stocks with at least C$1 million in average daily trading value.

Screening formula:
exch(tsx) and type(stock) and advol(21) > 1 and price > sma(50) and sma(50) > sma(150) and sma(150) > sma(200) and sma(200) > sma(200)@21 and price >= 1.25 * w52low and price >= 0.75 * w52high and rs(252) >= 70 and (range(20)@40 > range(20)@20 and range(20)@20 > range(10) and range(10) < 15 and off_high(50) < 15 and off_high(20) < 6 and avol(10) < avol(50))@1 and price ca highest(20)@1 and sortby(rvol(50), desc) and show(highest(20)@1 as pivot, rvol(50) as rel_volume)
 
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View:
Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Pivot  Rel_volume
 CVVY.TO 
Cavvy Energy Ltd
Oil & Gas E&P
Energy
TSX
Small
 745.56  2.61  0.21 8.75 997,318  2.51  1.80
 CJ.TO 
Cardinal Energy Ltd
Oil & Gas E&P
Energy
TSX
Mid
 2,172.26  13.13  0.41 3.22 1,227,981  12.77  1.20
 SU.TO 
Suncor Energy Inc
Oil & Gas Integrated
Energy
TSX
Large
 119,125  103.04  2.15 2.13 2,493,040  101.45  0.4731
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