Volatility contraction near highs
Within 5% of the 52-week high, Bollinger width under 0.08, above the 200-day. The VCP shape written as a query.
The pattern Minervini named is really two facts happening at once. The stock is holding near its highs and the swings are getting smaller, which is what it looks like when the sellers are finished and the buyers are not yet forced to pay up. Band width under 0.08 is the compression. The 200-day filter confirms the trend the coil sits inside. What the scan cannot see is the pattern's third act, the volume dry-up, and that is what its companion scan covers.
More volatility:Bollinger squeezeWide-range moversGap up and holdGap down and failUp 15% in a month
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