How It Works
Every market runs through the exact same four filters and the same risk formula. Nothing is discretionary — the whole scan is a fixed, mechanical checklist.
Step 1 — Four filters, all must pass
Price above the 30-day moving average
The stock's current price must be trading above its own 30-day simple moving average — a short-term uptrend check.
Price above the 50-day moving average
Same idea, over a medium-term window. Combined with the 30-DMA check, this filters out stocks that just spiked.
Price above the 200-day moving average
The classic long-term trend filter. A stock below its 200-DMA is excluded outright, regardless of short-term momentum.
Strengthening trend (CAR)
Starting from the stock's highest point in the last year, the scanner tracks a Cumulative Average Return (an expanding average of daily closes). If that average has been rising for the last 10 straight days, the trend is scored "Positive" — meaning momentum is still building, not fading.
A stock only appears in the results table if it clears all four filters on that day. Stocks with less than 200 trading days of history are skipped entirely — there isn't enough data to compute the 200-DMA.
Step 2 — Stop-loss and targets
For every stock that passes the filters, the scanner derives a stop-loss and three upside targets purely from recent price action:
Stop-loss (SL)
SL = lowest low of the last 10 trading days
A swing-low based stop: the level at which the setup is considered invalidated.
Risk
Risk = Entry (current price) − SL
The per-share amount at stake if the stop is hit.
T1 — first target
T1 = Entry + (2 × Risk)
A conservative first target, roughly a 2:1 reward-to-risk level.
T2 — primary target
T2 = Entry + (3 × Risk)
The scanner's main target — a 3:1 reward-to-risk level.
T3 — aggressive target
T3 = Entry + (5 × Risk)
A stretch target for holding a partial position longer.
Where the data comes from
All prices are fetched directly from Yahoo Finance at scan time (typically two years of daily history per ticker). Data can be delayed, incomplete, or occasionally wrong — the scanner has no way to independently verify it.
What this is — and isn't
This is a trend-following breakout screen: a way to mechanically narrow a large universe of stocks down to the ones showing strength on a specific, fixed definition. It does not predict the future, does not account for news, fundamentals, valuation, or your personal risk tolerance, and it is not a recommendation to buy or sell anything.
Not Financial Advice
Breakout Scanner Global Markets is an educational tool. We are not financial advisors. Its signals come from a fixed, mechanical formula and can be wrong, incomplete, or based on delayed data. Use it at your own risk, and never make investment decisions based solely on its output. Read the full disclaimer.