Power From Pivot Flag

Stocks advancing in price 20% or more within 15 days (3 weeks) after breaking out above their pivot are marked with a Power from Pivot flag on the chart when our Pattern Recognition feature is enabled. If you encounter this scenario with a stock that has good fundamentals and is looking strong technically, MarketSmith founder William J. O’Neil advises you consider holding the stock for at least eight weeks from the pivot to avoid getting shaken out of a stock that might have the possibility of being a big winner.