Scanned for stocks which gapped 2%
 Eye-balled the four best candidates and entered a hypothetical trade
 Created a Stocklist on Zignals.
 Set two alerts:
The first alert provides a sell signal. The 2% breakout gap on which the trade is entered will provide a boost of strength to the fast moving averages. When the momentum fades the more responsive of the moving averages (3-day EMA) will drift below the slower (5-day EMA).
The second alert is a fall-back for a stop price; we would look to exit if the stock made a 1-day drop greater than 5%.
We will adjust strategy as appropriate, altering the buy/sell triggers to suit market conditions.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website