I like to buy recent IPOs (within last 4-5 years) that form a multi-month top and then break through on above average volume to an all-time high. In my jargon, they have had a GLB (green line break-out). I like getting into a newly public stock because it has a lot of room to gain as traders see the new highs and jump on board. By the way, I never hold a GLB that closes back below its green line, but I often will repurchase it if it closes back above its green line. In a future post I will tell you how I use TC2000 to find these gems. Below are a few examples of IPOs that have had a successful GLB.
