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Developed by Jake Berstein, modified by David Steckler and tweaked at StockCharts, here is a scan that uses the Stochastic Oscillator to idenfity price pops and price drops. The bullish Stochastic Pop looks for stocks with a long-term Stochastic Oscillator above 50, an ADX value below 20 and a short-term Stochastic Oscillator surge above 80.

Bullish Stochastic Pop:

  [type = stock]
  and [today's sma(20,volume) > 40000]
  and [today's sma(60,close) > 20]
  and [Slow Stoch %K (70,3) > 50]
  and [ADX Line (14) < 20]
  and [today's Slow Stoch %K (14,3) x 80]

The bearish Stochastic Pop looks for stocks with a long-term Stochastic Oscillator below 50, an ADX value below 20 and a short-term Stochastic Oscillator plunge below 20.

Bearish Stochastic Drop:

  [type = stock]
  and [today's sma(20,volume) > 40000]
  and [today's sma(60,close) > 20]
  and [Slow Stoch %K (70,3) < 50]
  and [ADX Line (14) < 20]
  and [20 x today's Slow Stoch %K (14,3)]

Extra! users can copy this scan code and paste it in the Advance Scan Workbench. There is also a ChartSchool article with detailed examples.