George Lea's Mark Minervini (Reverse) Template

Template Description

One of the techniques in George Lea's trading toolset is to locate bearish stocks using a reverse of the bullish rules by Market Wizard Mark Minervini. This template implements the rules: 1. The current stock price is BELOW both the 150-day (30-week) and the 200-day (40-week) moving average price lines. 2. The 150-day moving average is BELOW the 200-day moving average. 3. The 200-day moving average line is trending DOWN for at least 1 month (preferably 4–5 months minimum in most cases). 4. The 50-day (10-week) moving average is BELOW both the 150-day and 200-day moving averages. 5. The current stock price is trading BELOW the 50-day moving average. 6. The current stock price is at least 30% BELOW its 52-week high. 7. The current stock price is within at least 25 percent of its 52-week LOW (the closer to a new LOW the better). 8. The Relative Strength rating is no MORE than 30 and preferably BELOW 20 or 10

More Info

Please subscribe to the EdgeRater YouTube Channel to be notified of new helpful videos