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Power Play

 
Canada

The power play is the one setup Mark Minervini buys without the full Trend Template: an explosive move of 100% or more in about eight weeks, usually on news, followed by a short, tight sideways flag. It is the rarest and often the most powerful pattern on his list. This screen lists stocks on the Toronto Stock Exchange whose 15-bar high is at least twice the 55-bar low, that have since held a range of less than 25% over the last 15 bars, trade within 15% of the flag high and stay above the 50-day moving average, largest run-up first. 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 highest(15) >= 2 * lowest(55) and range(15) < 25 and off_high(15) < 15 and price > sma(50) and sortby(100 * (highest(15) / lowest(55) - 1), desc) and show(100 * (highest(15) / lowest(55) - 1) as run_up_pct, range(15) as flag_range_pct)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Run_up_pct  Flag_range_pct
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