V.18:8 (30-41):Trading Stochastic Pops by David Steckler

V.18:8 (30-41):Trading Stochastic Pops by David Steckler
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Trading Stochastic Pops by David Steckler

You can identify breakouts using stochastic pops. What are they, anyway?

Many equity traders strive to identify stocks that are ready to break out and begin a sustained price move up. The difficulty lies in identifying which stocks are getting ready to break out and determining when the breakout will occur.

One technique I like to use to identify breakouts is the stochastic pop. The "pop" comes about when the stochastic indicator goes above the 70 to 80 level. Instead of reversing, however, the stock keeps going and momentum continues to rise. "Stochastic pop" is actually a misnomer, since the pop is in the price, not the stochastic. The stochastic itself stays above 70 or 80, held there by the price moving up and staying high in its daily ranges.


I identify a stochastic pop setup when the following conditions occur:

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