Mark Minervini is one of America's most successful stock traders; a veteran of Wall Street for nearly 30 years.
His trend template
- The current stock price is above both the 150-day (30 week) and 200 days (40 week) moving average price line
- The 150 day moving average is above the 200 days moving average
- the 200 day moving average line is trending up for at least 1 month (preferably 4-5 months minimum is most cases)
- the 50 days (10 week) moving average is above the 150 day and 200 days moving average
- the current stock price is trading above the 50 days moving average
- The current price is at least 30 percent above its 52 week low
- The current stock price is at least 25 percent of its 52 week high and closer to the new high the etter
- the relative strength ranking is no less than 70 and preferably in the 80s or 90s
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