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Breakout & Setup

Gajjala: Day-Trading Watchlist

58 Hits · last calculated August 9, 2026 Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Market filter active: the list shows 0 hits from Germany

Methodology & criteria

The list a day trader starts the session with. Gowon Gajjala won the 2023 US Investing Championship with a single setup — bull flags on 5-minute candles in small stocks running hot that day. His shortlist is settled before he looks at a single candle, and that shortlist is what we pull together for you: the daily selection, not the entry signal.

What this scanner checks

  1. Small-cap price range Required

    The previous close sits between $0.50 and $100. Below that the spread is wider than any move; above it, stocks rarely travel this far in a single day.

  2. Enough turnover Required

    At least one million shares change hands on the signal day. Without that volume, nobody gets back out of a meaningful position.

  3. At least +25% during the day Required

    The intraday high sits at least 25% above the previous close. That is the move Gajjala works with - not the quiet trend, but the day a stock breaks out.

  4. What this list does NOT check Intraday

    The actual setup only forms inside the day: impulse, flag, break above its high. That takes minute data, and minute data is not in this list. It answers the question that comes first: where would you even have been looking that day?

A hit stays on this list for five trading days. The "Signal Age" column shows how old each one is; 0 means the most recent trading day we evaluated. The "check this jump" badge marks days whose jump is larger than a stock split can explain. Source: price data. · No global trading filters — this strategy checks the entire stock universe purely against its own criteria (mega caps over $50B included).

Important: Day trading carries the highest risk of loss of any style, and our own calculation put this recipe in the red after costs. This is a research list, not a buy signal - and certainly not a recommendation to trade this way.

🔔 Watch scanner
The Criteria in Detail

The three required criteria of the daily selection

  • Previous close between $0.50 and $100, measured on the unadjusted price - a day trader trades real prices, not a dividend-adjusted series.
  • At least 1,000,000 shares traded on the signal day. What counts is share volume, not dollar turnover: for a $2 stock a dollar threshold would be an entirely different hurdle than for a $60 stock.
  • The intraday high reaches at least 1.25 times the previous close. Whether the price holds that level does not affect inclusion - the "Intraday High vs. Prior Close" column reports the peak that was reached.

The intraday setup the list does not capture

  • Impulse: at least two consecutive green 5-minute candles. Then a consolidation of three to ten candles that stays in the upper part of that impulse and does not exceed its high - the flag.
  • Volume during the flag falls to at most half the impulse volume. The entry comes on the break above the flag high, not before.
  • Exit by plan: stop at the flag low and never more than 4% below the entry, stop moved to break-even from +1.5%, half the position sold at +8%, the rest trailed along the 9-period line - and everything flat by 3:55 p.m. New York time. Nothing is held overnight.

How we calculate

  • The previous close is converted split-safely into the price basis of the signal day. Without that, every 2-for-1 split would look like a 50% crash and every reverse split like a breakout.
  • Trading days without turnover carry no price and become neither a signal day nor a comparison basis. If more than a week lies between the previous day and the signal day, the day drops out as well - the "previous close" is then no longer a basis for a daily move.
  • A daily jump that no stock split explains is flagged rather than discarded. In daily data a genuine move looks like a price error; throwing it away throws away the most spectacular days. The badge says: this one is worth a look at the chart.

What our calculation found

  • Over the last twelve months (August 2025 to July 2026), after costs of 0.2% per side: 230 trades following the full bull-flag recipe, a 17.0% hit rate, -0.15% per trade on average, profit factor 0.85.
  • Before costs it stood at +0.15% per trade. The strategy therefore lives and dies on execution - with market orders in small, fast-moving stocks that is not a side issue but the heart of the matter.
  • Measured on the same trading days: buying blindly as the +25% mark was crossed lost 0.92% per trade, and a random intraday entry lost 0.32%. Waiting for the flag was therefore clearly better than either. Across ALL candidate days, a random entry came to -0.46% and a blind buy at the mark to -0.67% per trade: the candidate day on its own is no edge, only the shortlist.
  • Two caveats belong with this: the window is short at twelve months, and the free-float filter Gajjala himself names could not be reproduced historically - so we left it out rather than guessing at it. Both are covered in the study.

Terms in This Scanner Explained

(15)
ADR (Average Daily Range)
The average daily swing of a stock in percent - measured over 10 or 30 trading days (columns "ADR 10D/30D"). An ADR of 5% means: on a normal day the gap between the intraday low and high runs about 5%. Traders look for movement - that is why stocks with an ADR under 1% are filtered out globally. Scanners that run without the global filters still include them; that is noted below their hit list. Not to be confused with ADR meaning "American Depositary Receipt" (a US certificate for foreign shares) - here ADR always means the daily swing.
AI Classification
Our company-by-company assessment of the AI boom based on SEC filings (the last four quarterly 10-Q reports and two annual 10-K reports): "Sells AI" (AI is a revenue source), "Threatened" (AI is a concrete business risk), "Uses AI" (operational use), or "Neutral" (no material AI exposure). Every classification requires at least two direct quote citations - otherwise the column shows "-". Not a quality judgment or a buy recommendation; the full file is on the stock page, methodology at /stocks/ai-rating-methodology.
Analysis (Full Company Analysis)
If the Analysis column shows "Read," there is an in-depth TickerGuard company analysis for this stock: business model, scanner findings, quarterly results, evidence from SEC filings, plus opportunities and risks. One click opens it directly.
Avg/Yr 3Y (Average Annual Return)
The stock's average annual return over the past 3 years. Shows at a glance whether a stock delivers over the long run or just had a short hot streak.
Earnings Date
The date of the next quarterly earnings report. Price gaps in either direction are common around this date - that is why we color it red when it is 7 days away or less, and yellow when it is 14 days away or less: elevated risk for fresh positions.
EPS (Earnings per Share)
Quarterly earnings divided by the number of shares outstanding. The most important growth metric: if EPS rises strongly over several quarters, the company is earning more money per share.
Free Cash Flow (FCF)
Operating cash flow minus capital expenditures - the money left over for everything else (debt paydown, acquisitions, or buybacks). Consistently positive free cash flow is one of the most honest signs of a healthy business model.
Funda Rating (Fundamental Rating A+ to F)
Our proprietary fundamental rating from 0 to 100 points with a school-grade rank from A+ to F. 50 points is the average across the universe, 100 the best possible score. Every stock is scored against all others by percentile: growth in earnings and revenue, earnings surprises, analyst estimates, and quality criteria such as margins, cash flow, and balance-sheet strength. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below — A/A+ are the fundamentally strongest stocks in the universe.
Market Capitalization (Mkt Cap)
The market value of the company: share price x total shares outstanding, shown here in billions of dollars. Micro caps (< $0.3B) are small and volatile, mega caps (> $200B) are heavyweights. Our scanner universe is deliberately capped at $50B - we look for stocks with room to run. The cap does not apply to scanners that run without the global filters; that is noted below their hit list.
Net Margin
How much of revenue is left as profit? Net income divided by revenue, in percent. A 20% margin means: out of every dollar of revenue, 20 cents is left as profit. Rising margins are a strong quality signal.
Operating Cash Flow (OCF)
The cash that actually flows into the company from day-to-day operations - without accounting effects such as depreciation. A company can report book profits while still burning cash; operating cash flow reveals that.
Piotroski F-Score
A balance-sheet health check developed by Joseph Piotroski: 9 yes/no criteria covering earnings, cash flow, leverage, and efficiency produce a score from 0 to 9. Scores of 7 or higher are considered financially very solid, scores under 3 a warning sign.
Sector & Industry
Two levels of industry classification: sector is broad (e.g., Technology), industry is narrow (e.g., Semiconductors). Many strategies watch industry strength, because strong stocks are almost always found in strong industries.
Stage (Weinstein Stages 1-4)
Stan Weinstein divides every price chart into four stages: Stage 1 = basing (sideways after a downtrend), Stage 2 = uptrend (the only buying stage), Stage 3 = topping, Stage 4 = downtrend (avoid, or short candidate). Measured against the 30-week line (150-day moving average) and its slope.
Stress RS (Strength on Stress Days)
A stress day is a day on which both the overall market and the stock's own sector fell at least 0.5%. Stress RS counts on how many of these days the stock still closed green (shown as "g/n" = green days out of n stress days) and turns that into a rating from 1 to 99. High values point to buyers stepping in even on weak days - often a sign of institutional accumulation.

View all terms in the Scanner Glossary

Hit List

Tip: clicking a column header sorts the table by that column; a second click flips the direction.

Gajjala: Day-Trading Watchlist
Symbol Signal Age (Days) Intraday High vs. Prior Close Earnings Avg/Y 3Y Stress RS Stage Funda Rating Piotroski MktCap Industry AI Rating Deep Dive Deep-Dive Report Sector Price YTD 6 Mo. 1 Year Off High Price Target RS EPS Rating ADR 10D ADR 30D Beta P/E P/E (f) P/S P/B P/FCF PEG EV/EBITDA EBIT Margin Gross Margin Net Margin ROE ROA Debt/Eq Equity Ratio Sales +/Y Growth Score Div. Yield Payout Ratio Altman Z Inst. % Short % Analysts
No stocks currently pass this scanner.

Frequently Asked Questions

The list a day trader starts the session with - and specifically the one we back-tested for you. Gowon Gajjala won the 2023 US Investing Championship with a single setup: bull flags on 5-minute candles in small stocks running hot that day. Before he looks at a single candle, his shortlist is settled.

All scanners are recalculated daily across the entire stock universe — most recently on 9. August 2026. The data basis is fundamental data and SEC filings (10-K annual reports and 10-Q quarterly reports).

Currently, 58 stocks pass this scanner's criteria (as of 9. August 2026).

No global trading filters — this strategy checks the entire stock universe purely against its own criteria (mega caps over $50B included).

It shows the stocks a day trader starts the session with. Gowon Gajjala won the 2023 US Investing Championship with a single setup: bull flags on 5-minute candles in small stocks that are running hot that day. His shortlist is settled before he looks at a single candle, and that shortlist is what we reproduce: the stock closed between $0.50 and $100 the previous day, at least one million shares changed hands on the signal day, and the price traded at least 25% above the previous close at some point during the day. We calculate on raw prices, because a day trader trades real prices; only the previous close is converted split-safely into the price basis of the signal day, otherwise every stock split would pass as a price jump. What this list explicitly is not: an entry signal. The trade only forms inside the day - an impulse of at least two green 5-minute candles, a quiet consolidation in the upper part of that impulse on falling volume, entry on the break above its high, a stop at the consolidation low and no more than 4% below the entry, a partial sale at +8%, the rest trailed along the 9-period line, everything flat by 3:55 p.m. New York time at the latest. A daily list cannot capture that part. We back-tested the full recipe over the last twelve months (August 2025 to July 2026), after costs of 0.2% per side: 230 trades, a 17.0% hit rate, -0.15% per trade on average, profit factor 0.85. Before costs it stood at +0.15% per trade - the strategy lives and dies on execution. Two comparison runs on the same trading days put that in context: buying blindly as the +25% mark was crossed lost 0.92% per trade, and a random intraday entry lost 0.32%. Waiting for the flag was therefore clearly better than either - just not good enough to earn back the trading costs. Measured across all candidate days rather than only the ones with a flag, the verdict is even plainer: a random entry lost 0.46% and a blind buy at the +25% mark lost 0.67% per trade. The candidate day on its own is no edge; it is the shortlist a recipe still has to do something with. A hit stays on the list for five trading days. A hit is a find, not a buy signal. Source: price data.

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Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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