Tuesday December 31, 2024 Stocks showing a Strat 2-up green day followed by another bullish 2-up breakout, both bars green, sorted by volume as of today. $RIG $CLF $DVN $CCL $PBR $PTEN $APA $DIS $AEO $GUSH

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Rank Ticker Price Volume Name
1 RIG 3.75 22,898,500 Transocean Ltd (Switzerland)
2 CLF ðŸš€ 9.40 11,845,200 Cleveland-Cliffs Inc.
3 DVN 32.73 10,409,800 Devon Energy Corporation
4 CCL 24.92 10,363,500 Carnival Corporation
5 PBR 12.86 8,197,500 Petroleo Brasileiro S.A. Petrob
6 PTEN 8.26 7,460,300 Patterson-UTI Energy, Inc.
7 APA 23.09 5,921,100 APA Corporation
8 DIS 111.35 4,757,500 Walt Disney Company (The)
9 AEO ðŸš€ 16.67 4,338,500 American Eagle Outfitters, Inc.
10 GUSH 27.81 879,700 Direxion Daily S&P Oil & Gas Ex
The Strat 2 Up

A "Strat 2-up green day followed by another bullish 2-up breakout" is a specific and bullish pattern within The Strat trading strategy. It describes a two-day sequence that suggests strong and accelerating upward momentum. Here's the breakdown of what this pattern signifies:

  • First Bar: 2-Up Green Day: The first day is a "2-up" candle, meaning its high and low are both higher than the previous day's candle. The fact that it's "green" means the closing price was higher than the opening price. This candle already shows clear bullish directional momentum.
  • Second Bar: Bullish 2-Up Breakout: The second day continues this bullish momentum. It is also a "2-up" candle, with its high and low above the first 2-up bar. This is a "breakout" because the second candle's action surpasses the high of the first candle, confirming that the upward movement is continuing and gaining strength. The fact that this second bar is also "green" (closing above its open) adds even more conviction to the bullish signal.
This two-bar pattern is interpreted as a strong continuation signal. It suggests that buyers are in firm control, and the stock is likely to continue its move to the upside. For traders following The Strat, this setup provides a high-probability entry point for a long position, often with a stop-loss placed below the low of the first or second bar, depending on their risk tolerance. The pattern's strength is its confirmation of momentum, with one bullish directional move followed immediately by another, larger one.