After a significant daily decline I begin my research for the next wave of market leadership using a simple TeleChart scan for anchored momentum. Currently there are 634 stocks populating this scan. Should there be a deeper pullback this number will surely prune further leaving a select few candidates to focus on during the next upturn.
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| Anchored Momentum March 21, 2017 |
Creating the scan is very straight forward with TeleChart. Simply create a condition:
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| PCF Condition |
Then create an easy scan to rank by the top 15% plus other desired parameters.
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| Easy Scan: Anchored Momentum Price > 3 |
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