A popular way to trade is to buy or sell breakouts. Stocks which are crossing above resistance, or breakout below a support can be excellent trades if you get in whilst there is momentum building. The problem for many traders is identifying the stocks which look likely to breakout. In this post you will learn how to find great candidates for breakout stock trades. We will … [Read more...]

This week we added a new pre-set filter to our technical analysis screener, stocks that have moved up or down by 5%, 10% and 15%. You might find this a easy way to see the strongest or weakest stocks on the market each day. In this post, I’d like to show you an idea of using the highest climbers and volume to discover new trading candidates. As you should know, volume t … [Read more...]

As we recently updated the filter in Stockmonitor.com to enable chart view for the stocks it finds, we have now also updated the free public filter tool too. So now whenever you run a quick scan of the market, each stock it picks can be seen in a mini chart with the indicator of the filter included. For instance, here is a small chart from running "Price crossed above 50 MA" … [Read more...]

As a trader your first job is to identify momentum opportunities. There's no point trading a stock that is stuck in a tight range or with very little movement going on. One of the easiest ways to identify a stock that is gaining momentum is to watch the relative strength index (RSI) indicator. RSI is a calculation based around the average closes up and down over a given … [Read more...]

There are typically 4 types of gaps which happen on stocks, from a technical perspective. All of them can be traded in some way, shape or form. Each have their own characteristics and knowing them can help you trade the moves, but one thing they all have in common is; they all start with a single gap. We recently added a new feature to our stock filter which allows you to … [Read more...]