SCTR – Scanning For Strong Stocks On An SCTR Pull Back – Chapter 9

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Next we’ll cover off the simple scan of looking for symbols with an SCTR between 60-65 within our strong group. Remember, in order to be considered for this scan, the symbol had to be better than 75% at one time to get into the group. Now we are looking at them as they show a little weakness. This is the best way to control that we are not finding stocks that are just middle of the pack stocks.

So this is a relatively simple scan. We want to find the stocks within our 6020 chartlist that at one time were in the top quartile stocks. Now they have pulled back compared to the rest of the stocks in the SCTR group. So, while the stocks may not be soaring right now, we can use these times to find candidates that might make a run very soon.

So here is the meat of the scan. What this asks is for stocks sitting in the 60-65 level on the SCTR.

[favorites list is 33] // 6020 SCTR GREATER THAN 75 SCAN

and [SCTR > 60] and [SCTR < 65]

You can add the title as a comment line.

You can title the scan 6024.1 Strong Stocks With An SCTR Pullback.

Then add comment lines to create the description.

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SCTR – Scanning For Strong Stocks On An SCTR Pull Back – Chapter 9

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