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Breakout Trigger

 
UK

This is step 6 of the Minervini ladder, the breakout trigger. It lists stocks on the London 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. LSE prices are quoted in pence, and the list skips thinly traded shares.

Screening formula:
exch(lse) and type(stock) and advol(21) > 50 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
 RWS.L 
RWS Holdings Plc
Information Technology Services
Technology
LSE
Small
 531.51  145.00  6 4.32 1,661,661  142.76  0.8518
 ATG.L 
Auction Technology Group Plc
Internet Content & Information
Communication Services
LSE
Small
 566.22  472.80  5.2 1.11 310,260  470.80  0.8431
 BP.L 
BP Plc
Oil & Gas Integrated
Energy
LSE
Large
 90,017  586.30  1.5 0.26 22,573,286  584.90  0.6482
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