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OBV Breakout

 
Europe

On Balance Volume adds volume on up days and subtracts it on down days. When OBV breaks out to a new 63-day high while the price is still at least 3% below its own 63-day high, volume is leading price: buyers are absorbing supply before the breakout shows on the chart. This screen lists stocks on European exchanges with that bullish volume lead. Many traders watch these names for a price breakout to confirm. Prices are in euros, and the list covers stocks traded on Xetra, Euronext Paris, Euronext Amsterdam, Euronext Milan and the Madrid Stock Exchange with at least 0.5 million euros in average daily trading value.

Screening formula:
exch(xetra,bme,mil,par,ams) and type(stock) and advol(21) > 0.5 and obv >= max(obv, 63) and price < 0.97 * highest(63)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume
 0QF.DE 
Moderna Inc
Biotechnology
Healthcare
XETRA
Large
 74,961  187.76  12.72 7.27 39,625
 BAYN.DE 
Bayer AG
Drug Manufacturers - General
Healthcare
XETRA
Large
 42,519  43.77  1.18 2.77 2,268,635
 CBK.DE 
Commerzbank AG
Banks - Regional
Financial Services
XETRA
Large
 40,683  37.90  0.26 0.69 1,903,981
 DIM.PA 
Sartorius Stedim Biotech S.A.
Medical Instruments & Supplies
Healthcare
PAR
Large
 20,665  212.80  4.8 2.31 75,552
 IFX.DE 
Infineon Technologies AG
Semiconductors
Technology
XETRA
Large
 79,205  58.86  -0.04 -0.07 3,618,452
 LLY.DE 
Eli Lilly & Co
Drug Manufacturers - General
Healthcare
XETRA
Mega
 958,922  1,044.80  24.8 2.43 1,439
 MEDCL.PA 
MedinCell
Biotechnology
Healthcare
PAR
Small
 826.93  29.06  4.2 16.89 675,207
 SYS.MI 
SYS-DAT S.p.A.
Information Technology Services
Technology
MIL
Small
 258.59  8.70  0.1 1.16 210,813
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