Express Checkout: Setups and Consolidations
These are stocks that are consolidating or setting up for a potentially bullish
move; however, since this is an Express Checkout screen,
only stocks with a 1-Year Performance Ranking
of 70 or above are shown.
There are actually two screens of Setups and Consolidations. The first screen lists
stocks that are within 15% of their 52-Week Highs. It is essentially a subset of the
Cream of the Crop: Setups and Consolidations screen. The second
screen lists stocks that are 16-40% below the old high .
This is for those of you that are a bit more adventurous and like to get in early.
The stocks in these screen are those that appear in any of the following
Setups and Consolidations screens:
But in addition, they must also satisfy the following conditions:
The stocks are sorted in descending order of the number of weeks since their 52-Week High,
so the stocks that have the longest bases will be at the top.
- The 52-Week High must be at least 4 weeks old (effective Apr21,2003: 2 weeks old)
- Stocks may not be in the Gravity Defiers screen.
- The 1-Year Performance Ranking is at least 70
Stocks in these screens that break out to new highs during the week will be reflected in
the Express Checkout: Breakouts screen.
See Express Checkout: Setups and Consolidations table from several weeks ago.