Market Scan for 24 February 2010
Submitted by Ducimus Plinius
At the close on Wednesday 24 February 2010
| The table below identifies the stocks returned on a scan of the Canadian and US markets using a “Stockcharts” search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.
The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume levels displayed in the last 2 months. |
Canadian StocksUnder $5.00 |
Canadian StocksOver $5.00
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U.S. StocksUnder $5.00
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U.S. StocksOver $5.00 |
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The scan returns above only identify potential candidates. In that list, there is a mixed bag of stocks about to enter Stage II, some are already well into Stage II, some are not at all. Since I am only looking for stocks entering Stage II, I must then examine each chart individually to determine whether the stock actually shows potential to cross above the Stage II Neckline and enter stage II; as described by Stan Weinstein. Having examined the chart of each of the stocks listed above, the following attracts my attention by displaying characteristics signalling a potential entry into Stage II.
I therefore added it to my watchlist. |
Ducimus Plinius is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer
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