NEW 60 day highs
One of the better searches to conduct is the NEW 60 DAY HIGH.
Why 60 days? If a stock has traded above the high price of 60 trading days ago, its generally a good indicator that the primary trend may have changed.
Primary trends are defined in Weekly charts by way of Higher Highs and Higher Lows. And Lower Highs and Lower Lows for a down trend.
So a very simple scan, the only limit is the greater then 50 cents, this eliminates the penny dreadful stocks.
So here some results in the daily chart.
This came up yesterday at $1.50.