Scan for recent IPOs building their first proper base after the post-IPO selloff. The setup O'Neil calls the most powerful. Each setup graded A+ to B.
William O'Neil called the IPO base one of the most powerful patterns in the market. After a company goes public and the initial excitement fades, the stock typically declines 30-60% from its post-IPO high. The IPO base forms when selling exhausts itself and the stock consolidates in a tight range on declining volume. Our scanner identifies stocks that IPO'd within 6-18 months, declined 30-60% from high, and are now building a tight base with volume contraction.
For IPO base setups, an A+ grade means a 40-60% decline from the post-IPO high, a 6+ week tight consolidation base, and significant volume contraction. An A grade requires 30-50% decline with a 4+ week base. Lower grades meet the basic criteria with less ideal parameters. This is not a prediction of future price movement — it is a way to prioritize which charts deserve your attention first.
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