High of day scanners can be extremely useful for finding stocks that are poised for an intraday move. These scanners identify momentum stocks that are readying for a breakout, allowing day traders to quickly home in on promising positions. In this article, we’ll cover...
The relative strength index (RSI) is an extremely popular technical indicator that measures a stock’s momentum. Importantly, it can signal when stocks are overbought or oversold, which provides information about whether it is prudent to open or close a position. In...
The majority of traders are familiar with candlestick charts, which show the high, low, open, and close for each time interval. Candlesticks are so well used that there is even a wide range of technical signals based entirely on candlestick patterns. But, candlesticks...
The market moves fast when you’re day trading. If you don’t spot a setup before it happens, it will be gone before you can open a position. That’s why having scans that you can use throughout the day to find potential day trades is so important. With Scanz, you can...
When a stock makes a major move up or down following a period of consolidation, it’s called a breakout. Breakouts are prime opportunities for traders because a stock has the potential not only to make a big move in a short period, but also to continue that directional...
Reversals are exciting trading events. If you can spot them before they happen, a reversal offers a chance to make a major profit as a new bullish or bearish trend takes over. Alternatively, spotting reversals can help you lock in profits on your existing positions...
Most day traders’ workdays start well before the morning bell rings. Stocks showing strong activity in the hours leading up to market open can be ripe targets for profitable day trades, especially if you know what to look for. With the Scanz Pro Scanner, it’s easy to...
After you’ve put in the work to identify a potential trade, you still need to wait for a signal to trigger your position. But, it simply isn’t possible to watch a stock at all hours of the trading day, let alone to watch multiple stocks so closely. That’s where the...
The Scanz News module allows you to keep up with the day’s news right as it breaks, so that you can stay on top of the stories that will move the market. Having access to all market news at your fingertips is nice, but you’ll need to filter it to just the stories...
Swing trading involves capitalizing on potentially large price movements that happen over a few days or a few weeks. Swing traders can use a number of different strategies to spot opportunities, but most traders rely heavily on technical indicators like moving...
