Breakout Stock Screeners You Need to Know
Active trend traders would be familiar with breakout stocks. This is a strategy of finding a stock whose price moves above a resistance level or moves below a support level on increasing volume.
A trader would enter a long position after the stock breaks above resistance or enter a short position after the stock breaks below a support level. When done right, the breakout trader could benefit from a major price trend, be it on the upside or the downside.
In this article, I will highlight and run you through 3 breakout stock screeners to find potential breakout stocks.
Breakout Stock Screeners #1: Koyfin
I have talked about the Koyfin stock screener previously, one of the best FREE stock screeners that cover more than 20,000 stocks across the globe.
One can use the Koyfin platform to customize his breakout stock screener. As can be seen from the screener snapshot below,...