Stock Screener: 4-Week High Breakout Stocks

Example 1: 4-Week High Breakout Stocks 

[Category: Price and Volume Breakout]

How to Build the Screen

Let us see how we can build this screen. 

We will first go to the Basic Builder. We’ll then search the ‘High’ metric and set it to be greater than ‘Period High’. A box like this will then pop up on the screen.

The second condition is for a Market Cap > 100. This ensures only companies that have a certain financial standing are shortlisted. 

You can further ‘Sort & Limit’ the number of stocks or even play around with the rules to find your ideal screen. 

This screen focuses on finding stocks that signal short-term bullish sentiment. The conditions are set such that it filters out stocks that are crossing the highest price in the last trading month.

Backtest Result

Let’s see the backtest results now.

The screen gave 47.39% against the Benchmark index which gave 39.54%. 

Ideally, it's good to build or find screens that have shown significant returns against the benchmark. 

With a return very close to that of the benchmark and an Alpha of just 2.63%, it doesn’t stand that high. 

(Please note: The examples in this or any articles are not a recommendation to just start buying stocks. Always do your due diligence.)

If you liked this screen you can clone this from the screener. (Again, cloning any screen means you’ll lose one clone credit.)

Now let’s look at another example.