Breakout stock

Screening Filters & Rationale

1. Price Change Percentage (price_change_pct >= 0):

   • Purpose: Identify stocks with positive price movement.
   • Rationale: Positive price changes indicate upward momentum, aligning with breakout stock criteria.

2. Relative Volume (relative_vol >= 1.2):

   • Purpose: Focus on stocks with trading activity significantly above average.
   • Rationale: Higher relative volume suggests increased investor interest, often preceding breakouts.

3. New High/Low (20_High):

   • Purpose: Select stocks reaching new 20-day highs.
   • Rationale: Stocks hitting new highs often signal technical breakouts and strong upward trends.

4. Beta (HighRisk):

   • Purpose: Target high-beta stocks with greater price volatility.
   • Rationale: High-beta stocks are more likely to experience sharp upward movements, fitting breakout strategies.

5. Moving Average Relationship (PriceAboveMA20):

   • Purpose: Identify stocks trading above their 20-day moving average.
   • Rationale: Prices above the 20-day moving average indicate bullish momentum and potential for further gains.