Stocks Breaking Out from Chart Patterns

This Russell 2000 scanner is finely tuned to detect stocks exhibiting a bullish break outs, characterized by their ability to move through the upper boundaries of well-known chart patterns such as Rising Wedge, Falling Wedge, Ascending Triangle, Descending Triangle, Horizontal Channel, Rising Channel, or Falling Channel. The selection criteria focus on stocks that, after previously trading below the top of these patterns, are now advancing above them with today's price exceeding both today's open and yesterday's close. Furthermore, these breakouts are supported by trading volumes that surpass the 20-day average. This scanner is designed to identify strong bullish breakouts, offering traders opportunities to engage with stocks that have just started a bullish move after consolidating within a pattern for some time.