Top Breakout Stocks scans 10,000+ stocks daily which enables us to discover stocks that most people would not even be aware of. A breakout occurs when a stock moves above the highest high of a price range of an immediately preceding time period (5, 10, 15, 20, 25, 30, or 40 days). A breakdown is when a stock moves below the lowest low of a price range. These are typically called Donchian or Channel breakouts. These types of breakouts are used because they are the broadest definition of a breakout. All other types of breakouts (cup and handle, triangle, double/triple top, etc.) are a subset of Donchian. Once a stock breaks out, we wait 20 trading days before detecting the next breakout. The breakout statistics are calculated by adding up the highs, lows, and closes of the 20 trading day time period following the breakouts. Those numbers are then divided by the total number of breakouts for that stock since 2003 to get the average high, low, and close.
Home page sorting:
Volume -- A stock must have a daily volume of at least 20,000 shares and a 6-month average volume of at least 20,000 shares. The volume list is sorted from highest to lowest volume, the highest volume stocks are at the top of the list.
Relative volume -- compares today's volume to the average 6-month daily volume, the highest relative volume stocks are at the top of the relative volume list.
Approx. time -- sorted by the approximate time the breakout was detected. The breakouts detected earliest in the day are at the top of this list. The breakouts detected later (more recent) are at the bottom.
Price -- Stocks trading below $0.50/share are not tracked.
Only stocks listed on Nasdaq, NYSE, and AMEX are tracked. Because of the proprietary filtering process and the fact that not all stocks on all exchanges are tracked, there may be stocks breaking out that are not listed.
The average high/low/close statistics are calculated using historical data going back to 2003 (where possible).
Averages are rounded off to the nearest whole number.
Data is adjusted for stock splits, reverse splits, and ex-dividends. Stock splits and reverse splits may occasionally cause a false breakout or breakdown to be reported. However these do not effect the statistics calculations and the report will generally be adjusted by the next day or sooner. Ex-dividends may cause what looks like a false breakout (on a chart) to be reported but it is in fact not a false breakout. This occurs because most charting services do not adjust their historical data for the dividend.
Data is delayed, breakouts are not reported in real-time. Data does not include pre-market or after-hours trading.
The Top 10 lists are updated at approximately 7am, 8am, 9am, 11am, 12pm, and 2pm PST. The exact update times can vary depending on how many breakouts/breakdowns there are on any given day, but usually the variance is not more than +/- 10 minutes on the hour.
More information on breakouts can be found on Investopedia:
Using backtested data to trade breakouts is a quantitative strategy. More information on what quantitative trading is can be found at:
Symbol -- Stock symbol.
% Gain -- Percentage that the recent price is above the breakout price.
% Loss -- Percentage that the recent price is below the breakdown price.
Average high after previous breakouts -- The average amount a stock has risen within a month after previous breakouts since 2003.
Average low after previous breakouts -- The average amount a stock has dropped within a month after previous breakouts since 2003.
Average close after previous breakouts -- The average close a month after previous breakouts since 2003.
Previous breakouts -- Breakouts before the most recent breakout.
Number of breakouts -- The number of times a stock has broken out of the specified range since 2003.
Breakout range -- The number of preceeding days used to calculate the breakout price.
Breakout price -- The price at which the stock broke out. $0.01 above the highest high of the breakout range.
Next breakout price -- $0.01 above the highest high of the breakout range.
Next breakdown price -- $0.01 below the lowest low of the breakdown range.
Percent below next breakout price -- Percentage that the recent high of the day is below the next breakout price. This shows approximately how close a stock is to breaking out.
Percent above next breakdown price -- Percentage that the recent low of the day is above the next breakdown price. This shows approximately how close a stock is to breaking down.
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