Value Investing with Positive Earning and Bullish Weekly Candle

This scanner looks for a complex combination of technical and fundamental data. First, it looks for the Price to Book Ratio to be declining for 4 consecutive quarters. Then, it filters any company that has not had a 9% or better positive earnings surprise on their last earnings report. Finally, it looks for a range of bullish candlestick patterns (including, but not limited to Engulfing and Hammers) to have formed on the Weekly chart at the end of the previous week. This combination can be used to look for potential reversals that may be starting now after a Price to Book decline.