Volatility contraction near highs
Coiled within 5% of the 52-week high with Bollinger width under 0.08 — the VCP shape, as a scan.
The pattern Minervini named is really two facts occurring together: the stock is holding near its highs, and the swings are getting smaller — sellers finished, buyers not yet forced to pay up. Band width under 0.08 is the compression; the 200-day filter confirms the trend the coil sits inside. What the scan cannot see is the pattern's third act, the volume dry-up, which its companion scan covers.
More volatility:Bollinger squeezeWide-range moversGap up and holdGap down and failUp 15% in a month
Match all of
is withinof