Table of Contents
What is a Breakout?
A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility, is a ‘breakout’. Traders will buy the stocks when the price breaks above a level of resistance and sell when it breaks below support.2 Year Breakout Scans
Close Crossing 2 Year High
Stocks whose closing price have crossed the last 2 year high of itself are displayed in this scan. This signifies that it is a bullish indicator as it indicates the stock is moving upward and has crossed its 2 year’s high.
Close Crossing 2 Year Low
Stocks whose closing price have crossed the last 2 year low of itself are displayed in this scan. This signifies that it is a bearish indicator as it indicates the stock is moving downward and has crossed its 2 year’s low. Since no major stocks is fulfilling the criterion for the scan, its been displayed as “No Stocks Found”.
Close Within 2 Year High Zone
Stocks whose closing price is in the range 2 year high to 15% level below are displayed in this scan. This scan helps in identifying stocks which have strength and can show momentum.
Close Entering 2 Year High Zone
Stocks whose closing price is in the range 2 year high to 15% level below are displayed in this scan. This scan also displays the gap from 2 Year High in percentage terms. This scan is a bullish indicator and shows stocks which have newly entered in this zone.
Close Within 2 Year Low Zone
Stocks whose closing price is in the range 2 year low to 15% level above are displayed in this scan. This scan also displays the gap from 2 Year Low in percentage terms.
Close Entering 2 Year Low Zone
Stocks whose closing price is in the range 2 year low to 15% level above are displayed in this scan. This scan also displays the gap from 2 Year low in percentage terms. This scan is a bearish indicator and shows stocks which have newly entered in this zone.
5 Year Breakout Scans
Close Crossing 5 Year High
Stocks whose closing price have crossed the last 5 year high of itself are displayed in this scan. This signifies that it is a bullish indicator as it indicates the stock is moving upward and has crossed its 5 year’s high.
Close Crossing 5 Year Low
Stocks whose closing price have crossed the last 5 year low of itself are displayed in this scan. This signifies that it is a bearish indicator as it indicates the stock is moving downward and has crossed its 5 year’s low. Since no major stocks is fulfilling the criterion for the scan, its been displayed as “No Stocks Found”. See also: Narrow Range Scans (NR)Close Within 5 Year High Zone
Stocks whose closing price is in the range 5 year high to 15% level below are displayed in this scan. This scan also displays the gap from 5 Year High in percentage terms.
Close Entering 5 Year High Zone
Stocks whose closing price is in the range 5 year high to 15% level below are displayed in this scan. This scan also displays the gap from 5 Year High in percentage terms. This scan is a bullish indicator and shows stocks which have newly entered in this zone.
Close Within 5 Year Low Zone
Stocks whose closing price is in the range 5 year low to 15% level above are displayed in this scan. This scan also displays the gap from 5 Year Low in percentage terms.
