A channel breakout occurs when a stock was trading in a tight channel, then starts trading at a price higher than the top of the channel.
Trade-Ideas continuously scans for consolidations patterns to define channels, then reports alerts when the price breaks out of the channel. We offer different types of channel breakout alerts depending on the type of confirmation that the user requests.
We offer the following alert types which are related to this topic. Click on the icon for a detailed description of the alert, or click on the example link for additional samples of each type of alert.