All 15 are on my watchlist of stocks recently on IBD/MS lists. Last column shows close/lowest price past year.
Blog Post: Day 21 of $QQQ short term up-trend; Only 70 US stocks at new highs and 63 at new lows on Friday, 11 at ATH; see list of top 20 stocks that passed my weekly green bar scan and chart of $ACLS
One of my favorite scans I created with TC2000 searches for a stock in a strong up-trend, at a 20 week high in relative strength vs. SPY, that reached an ATH in the past 3 months and that has bounced up off of its rising 4 week average. If I buy one of these stocks I place my sell stop at the bottom of the weekly green bar, see the chart example of ACLS below this list. 29 stocks out of almost 7,000 passed this scan. I sorted the 29 by the amount each stock closed above its 250 day low (c/minl250, see last column). Here are the top 20. Seven of these stocks have at least doubled their low price. Stocks with a blue flag in the first column appear on my watchlist of recent IBD/MS stocks.
ACLS is an example of a weekly green bar stock. (I color green the weekly price bar all stocks that bounced up off of their 4 week average even if they did not survive all of the conditions in the scan.) Note how ACLS found support above its rising 4 week average (red dotted line) the past 5 weeks. That is a pattern of a strongly advancing stock. A weekly close below the 4 week average would be the first sign of technical weakness and a warning that the rise may end. A weekly close below the 10 week average (blue dotted line) would be a sign for me to completely exit, if I owned it. Note the rising weekly volume as the stock has climbed. Also note the green line break-out to an ATH last week. ACLS also follows my yellow band rocket stock pattern. According to MarketSmith, ACLS has Composite and RS ratings = 98. The technicals tells me what to look at and when to enter or exit, but the fundamentals must also be strong.
The GMI remains at 5 (of 6) and on a Green signal. But note that my more short term and sensitive GMI2 components have weakened.
Blog Post: Day 19 of $QQQ short term up-trend; 11 stocks on my growth stock watchlist hit an ATH on Wednesday, $WFRD leads, see list
These stocks were on my watchlist of stocks recently on an IBD or MS list. They are sorted by current price divided by low price the past 250 days. WFRD leads, up almost 4 fold and had trading volume Wednesday 1.9x its average volume the past 50 days.
