FANG had a GLB, green line breakout to an ATH, but not on above average volume. See weekly and daily charts.
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Blog post: Day 3 of $QQQ short term up-trend, GMI turns Green; 5 IBD/MS stocks pass WeeklyGreenBar scan: $UNVR, $PANW, $TRTN,$SFBS, $LNTH; $UNVR has GLB
With the new QQQ short term up-trend in place I am slowly buying TQQQ. While the GMI, at 4, turned Green, it is much stronger when it registers 6 (of 6). The indexes are still not in a Stage 2 up-trend.
UNVR had a GLB on Tuesday to an ATH on above average volume. The 5 stocks passing the scan appear below. All traded an above average number of shares on Tuesday, see last column.
Blog post: Day 2 of $QQQ short term up-trend; 3 IBD/MS stocks pass WeeklyGreen Bar scan: $TRTN, $SQM, $CCK, see weekly charts
This scan looks for stocks that had a strong weekly chart pattern (4wk>10wk>30wk) +20 week high of relative strength + bounce up off of its 4 wk average (red dotted line). Must also be near an ATH=above last green line top. Note the green price bars. These stocks are worth researching.
