This is very close to the idea of dragon scan. We want to find those stocks which have a first stage breakout going to be hyperbolic. Then the stocks had a narrow range consolidation period. Usually these stocks will have high probablity breaking out after the consolidation.
Some of stocks satisfying these criterions after Friday's close are CIE, PXP, CTAS. SWS is an example which had a breakout on this Friday.
one of the ways to do this is take a momentum list of say top 200 or 300 stock by MDT (c25/avgc126.25) and then sort it by a short term momentum scan like say c/avgc10 or/and c/avgc20 and then look at those with lowest values. They show stocks that have longer term momentum but having shorter term pullback/ consolidation.
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