Recently
TraderMike discussed the
filters he uses to select stocks for his daily trades. His scans generate a list of stocks about 1,000 long which he then filters by volume and price. In this example I am looking to create a more manageable list of about 40 stocks (or less) which can then be monitored daily using alerts.
Initial parameters:
Market Cap > $100m
Insider ownership above 25% (we want some confidence from owners)
Institutional ownership less than 10% (with potential for big money buyers to step in)
Return on Equity greater than 17%
This scan returned 20 stocks:
Both the Screening variables
And the Screener results
can be saved. The Screener results will then form a new stocklist:
From the Alerts menu we can then add filters to this stocklist. In this case, an advanced alert was created for a new 120-day on 200% of 60-day SMA (smooth-moving-average) of volume for this list of stocks.
It's that simple.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website
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