GTXI.
I found out today that there is really a correlation between the 55Days high and the volume surge of more than 200%. This ticker GTXI had gained 270.73% ever since it made a spike last July 12, 2017. When I run my filter "New 55 Day High under 20" it gave me the GTXI as one of the those listed in the extract. Same with my filter "200Percen Spike in Volume" it also generated a list with GTXI under it. To get the extract I have to filter it based on 183 days ago. This is for both filters.
What I had noticed though that after the 200% pike in volume on that 55Days high the price consolidated for about 50days forming a pennant or with Mark Minervini's strategy it is called VCP (Volatility Contraction Pattern). After breakout the high of the candle on that 55 Days high after another 50 days, the stock just went out surging from $6.17 to 22.80. Pretty amazing run from August 23, 2017 to this date. More or less 7 months run on the upside with 200% increase.
Here are the charts for GTXI.
The following filters are the ones I used for this extract using the stockfetcher.com
1. 200Percen Spike in Volume
/* 200% Spike in Volume */
show stocks where volume is more than 200% above average volume(30) 1 day ago
and price between .25 and 20
and draw MA(10)
and draw MA(20)
and draw MA(50)
and draw MA(200)
and price above MA(200)
and current volume > 200000
and RSI(^SPX,14) > 60 /*Minervine. Changed from 69 to 60 to accomodate lower RSI but with possible great run on high volume. Updated by Noel 2018-02-28*/
and Market is not OTCBB
and add column RMI(10,1)
and add column RSI(^SPX,90)
/*and PE Ratio is above 30*/
/*And close crossed above MA(200)*/
2. New 55 Day High under 20
/*NEW 55 DAY HIGH
This Filter was created as part of Rule# 1 in following the Turtle trading
by Richard Dennis and Willian Eckhardt in the book "The Complete Turtle Trader. This is the System 2 trading system for longer time frame with 4weeks exit plan if not working."
written by Michael C. Covel p.109*/
Show stocks where close reached a new 55 Day high
and price between $.1 and $30
/*and market is not OTCBB*/
and Volume > 1000000
Chart-time 2 years
and draw MA(30)
and draw MA(50)
and draw MA(200)
I found out today that there is really a correlation between the 55Days high and the volume surge of more than 200%. This ticker GTXI had gained 270.73% ever since it made a spike last July 12, 2017. When I run my filter "New 55 Day High under 20" it gave me the GTXI as one of the those listed in the extract. Same with my filter "200Percen Spike in Volume" it also generated a list with GTXI under it. To get the extract I have to filter it based on 183 days ago. This is for both filters.
What I had noticed though that after the 200% pike in volume on that 55Days high the price consolidated for about 50days forming a pennant or with Mark Minervini's strategy it is called VCP (Volatility Contraction Pattern). After breakout the high of the candle on that 55 Days high after another 50 days, the stock just went out surging from $6.17 to 22.80. Pretty amazing run from August 23, 2017 to this date. More or less 7 months run on the upside with 200% increase.
Here are the charts for GTXI.
The first 200% plus volume surge was Sept. 8, 2018 then after that it created a very long VCP formation for around 9 months then July 12, 2017 another volume surge of more than 200% occurred. The succeeding VCP formation consisted only of 50 days and a breakout occurred of that VCP with just insignificant volume. But despite the absence of the huge volume the stock price rose 200% from that time onward until another 200% plus of volume came spiking up.
The following filters are the ones I used for this extract using the stockfetcher.com
1. 200Percen Spike in Volume
/* 200% Spike in Volume */
show stocks where volume is more than 200% above average volume(30) 1 day ago
and price between .25 and 20
and draw MA(10)
and draw MA(20)
and draw MA(50)
and draw MA(200)
and price above MA(200)
and current volume > 200000
and RSI(^SPX,14) > 60 /*Minervine. Changed from 69 to 60 to accomodate lower RSI but with possible great run on high volume. Updated by Noel 2018-02-28*/
and Market is not OTCBB
and add column RMI(10,1)
and add column RSI(^SPX,90)
/*and PE Ratio is above 30*/
/*And close crossed above MA(200)*/
2. New 55 Day High under 20
/*NEW 55 DAY HIGH
This Filter was created as part of Rule# 1 in following the Turtle trading
by Richard Dennis and Willian Eckhardt in the book "The Complete Turtle Trader. This is the System 2 trading system for longer time frame with 4weeks exit plan if not working."
written by Michael C. Covel p.109*/
Show stocks where close reached a new 55 Day high
and price between $.1 and $30
/*and market is not OTCBB*/
and Volume > 1000000
Chart-time 2 years
and draw MA(30)
and draw MA(50)
and draw MA(200)
No comments:
Post a Comment