Dry-Up in Base

Mark Minervini looks for volume to dry up in the last contraction of a base: very low volume near the high shows that few holders are left to sell, so the stock can move with little supply in the way. This is also where he takes low-cheat entries. This screen lists stocks on the London Stock Exchange that pass the Trend Template (price above a rising 200-day average, 50 > 150 > 200-day averages, at least 25% above the 52-week low, within 25% of the 52-week high and RS 70 or better), trade within 10% of their 20-day high, the pivot, and traded less than half of their 50-day average volume on the last bar, quietest first. LSE prices are quoted in pence, and the list skips thinly traded shares.