Previous day's high break
Closing above yesterday's high on half again the usual volume — the simplest breakout there is.
Yesterday's high is the most recent level everybody watched, and closing through it is the smallest unit of trend there is: one session outbidding the whole of the last one. On its own that happens constantly, which is why the volume condition carries this scan — a close above the prior high on ordinary volume is noise, on heavy volume it is intent. Read the guide: Translating Chartink formulas to Sift →
More breakouts:52-week high breakoutWithin 3% of the 52-week highVolume breakoutVolume shockers20-day channel breakout
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