[youngsequan]

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

How do i find these stocks on the day it makes the break through?

As you can see on the charts I provided, this is what I'm looking for

Is there some software when I can preform a scan to find stocks that fit this criteria?

[Tams]

Originally Posted by youngsequan »

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

How do i find these stocks on the day it makes the break through?

As you can see on the charts I provided, this is what I'm looking for

Is there some software when I can preform a scan to find stocks that fit this criteria?

any programmable charting software (ie tradestation, MultiCharts, Ninjatrader, etc.,) can scan for any criteria you like.

[Avarice]

Originally Posted by youngsequan »

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

How do i find these stocks on the day it makes the break through?

As you can see on the charts I provided, this is what I'm looking for

Is there some software when I can preform a scan to find stocks that fit this criteria?

Personally I use MetaStock for this kind of query, but like Tams said pretty much every major charting application has this functionality.

The real problem you're going to face is how to define support and resistance zones programmatically. None of the aforementioned packages offer a "find major resistance" function out of the box, that's something you'll have to code yourself.

[DaveDM]

Stocks On The Move from Stocks, Investing, Business, and Finance News - Investors.com is a good service to find these kinds of stocks. I like their service because they track what breakout stocks other investors are looking at, too.

In terms of software packages, try to find a good Darvas Box indicator for your charting package. They have one available for tradestation. I like to use Darvas Boxes for breakout support/resistance levels. You can also use the 1/2 width of box, full width of box to 1/2 width / full width of box for targets and stops, so it makes managing your risk:reward at at least 1:1 pretty easy.

Hope that's helpful.

DaveDM

[crabbydog]

Originally Posted by youngsequan »

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

How do i find these stocks on the day it makes the break through?

As you can see on the charts I provided, this is what I'm looking for

Is there some software when I can preform a scan to find stocks that fit this criteria?

There are a number of softwares and sites geared towards pattern recognition and / or breakouts.

Today's Breakouts Chart Pattern Recognition Scanner
Stock Breakout Trading | Providing Daily Breakout Signals
Chartpattern.com - Free Technical Stock Chart Analysis - Dan Zanger

Thomas Bulokowski provides a piece of free sofwtare that tracks emerging software patterns, and most of the bug packages there are 3rd party add ons to do the same

What is Autochartist | Autochartist

Also look at the Investor BUsiness Daily site which I believe has info to supoprt this.

YOu need to scan the web really as many sites offer atch lists and alerts and there are numerous packages claiming to support pattern recognition and hence breakouts.

I don't use any of the above sites / systems and am not associated with them, so please ensure you do any due diligence if you look at any of them

[GTNew]

Stockfetcher 2.0 would work for this, and the programming language is simple and easy to use. Check their website.

[peterjerome]

youngsequan,
use advanced search top of this page. for "peterjerome"
look at post dated 11/24/2010
2 charts attached for NOV show technique used for breakouts using PnF chart.
check it out...if you have any questions, ask.

Peter.

[Vincent Vega]

Originally Posted by youngsequan »

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

How do i find these stocks on the day it makes the break through?

As you can see on the charts I provided, this is what I'm looking for

Is there some software when I can preform a scan to find stocks that fit this criteria?

take a look @ FINVIZ.com - Stock Screener