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New High Breakout

 
India

A breakout to a new 52-week high on heavy volume means there are no longer any holders sitting on losses above the price, so overhead supply is gone. Momentum traders buy such breakouts and trail a stop below the breakout day's low. This screen lists stocks on the Bombay Stock Exchange that set a new 52-week high today, up more than 2% on at least twice their 21-day average volume, heaviest volume first. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.

Screening formula:
exch(bse) and type(stock) and advol(21) > 50 and price new_high 252 and rvol(21) > 2 and chclose > 2 and sortby(rvol(21), desc) and show(chclose as change_pct, rvol(21) as rvol)
 
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   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Change_pct  Rvol
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