Previous day's high break
Closing above yesterday's high on half again the usual volume. The simplest breakout there is.
Yesterday's high is the most recent level everybody watched. Closing through it is the smallest unit of trend there is, one session outbidding the whole of the last one. On its own that happens constantly, so the volume condition is doing most of the work here. A close above the prior high on ordinary volume is noise. On heavy volume it is intent. Read the guide: Translating Chartink formulas to Sift →
More breakouts:52-week high breakoutWithin 3% of the 52-week highVolume breakoutVolume shockers20-day channel breakout
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