The Nasdaq has been on a steady decline since last Thursday (9/3/2020). Today the Nasdaq officially closed below both the 50-day and the 10-week moving averages.
How about a screen looking for stocks bucking the trend? This screen focuses on:
- RS Line at new high (intra-day)
- Price over $20
- Average daily dollar volume over $50M
- Closing range > 50%
- Composite rating > 85
Bucking the Trend Screen
When you look at each stock on a chart, notice the recent close is well above the 21-day, 50-day and 10-week moving averages.