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Registered User
Joined: 2/1/2006
Posts: 32
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Im a new trader, i usually go to others sites to find the best performing sectors and stocks, i fill im not using my tele chart service to its full potential by using other sites. Can anyone assist and instruct me on what conditions i must set in my scan to find the strongest perfroming stocks?
Many thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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This is a very personal decision for each individual investor. What would have to be true about a stock in order for you to consider it one of the strongest performing stocks? If you cannot answer that, I encourage you to read as much as you can about technical and fundamental analysis.
In the meantime, I am moving this question to the Stock and Market Talk forum, where others with more experience may be willing to share some of their ideas with you.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here is one video you might enjoy
Uncover the stocks driving the strongest industry groups
- Craig
Here to Help!
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Registered User
Joined: 12/9/2004
Posts: 14
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Check out the Worden archives. What are the best performing stocks are a matter of personal choice. Here is one of my scans that narrows the list down to stocks most likely in up trends with high percenage EPS growth over last year. This is a fairly loose scan produces a good number charts, but you can usually find a few gems. First create a PCF and call it MA ENVELOPE and paste this formula into the box:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50 AND XAVGC50 > XAVGC200
This formula makes sure your moving averages are properly aligned for an uptrend. This PCF takes a while to calculate so you may truncate it by using this formula instead:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50
The above formula will probably produce a few more charts because it eliminates the requirement that the stocks in the scan be above their 200 day MA.
Now create an Easyscan and call it MA/EPSGROWTH. For the Watchlist use "All Stocks". Click on "add new condition" and scroll down the list and select Volume 90-day (not the one that reads dollars). Select Value for "condition type" and move the bottom of the blue bar up so you are selecting stocks above 2500.00. Now click "add new condition" again and select EPS Percent Change Latest Yr. Use list rank for your condition type and select stocks 65 and above. Now click on "add new condition" and select the PCF you created: MA/EPSGROWTH. Now just save the Easyscan and run it. You can fiddle with some of settings to increase/reduce the number of charts in the scan. The more charts the better IMO.
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Registered User
Joined: 2/1/2006
Posts: 32
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ajmonatesti
thanks for the help
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Registered User
Joined: 2/1/2006
Posts: 32
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thanks Craig that video has really helped
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Registered User
Joined: 5/17/2012
Posts: 106
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QUOTE (ajmonatesti) Check out the Worden archives. What are the best performing stocks are a matter of personal choice. Here is one of my scans that narrows the list down to stocks most likely in up trends with high percenage EPS growth over last year. This is a fairly loose scan produces a good number charts, but you can usually find a few gems. First create a PCF and call it MA ENVELOPE and paste this formula into the box:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50 AND XAVGC50 > XAVGC200
This formula makes sure your moving averages are properly aligned for an uptrend. This PCF takes a while to calculate so you may truncate it by using this formula instead:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50
The above formula will probably produce a few more charts because it eliminates the requirement that the stocks in the scan be above their 200 day MA.
Now create an Easyscan and call it MA/EPSGROWTH. For the Watchlist use "All Stocks". Click on "add new condition" and scroll down the list and select Volume 90-day (not the one that reads dollars). Select Value for "condition type" and move the bottom of the blue bar up so you are selecting stocks above 2500.00. Now click "add new condition" again and select EPS Percent Change Latest Yr. Use list rank for your condition type and select stocks 65 and above. Now click on "add new condition" and select the PCF you created: MA/EPSGROWTH. Now just save the Easyscan and run it. You can fiddle with some of settings to increase/reduce the number of charts in the scan. The more charts the better IMO. Yea I going to use that bottom formula Thanks .
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Registered User
Joined: 5/17/2012
Posts: 106
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QUOTE (ajmonatesti) Check out the Worden archives. What are the best performing stocks are a matter of personal choice. Here is one of my scans that narrows the list down to stocks most likely in up trends with high percenage EPS growth over last year. This is a fairly loose scan produces a good number charts, but you can usually find a few gems. First create a PCF and call it MA ENVELOPE and paste this formula into the box:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50 AND XAVGC50 > XAVGC200
This formula makes sure your moving averages are properly aligned for an uptrend. This PCF takes a while to calculate so you may truncate it by using this formula instead:
AVGC10 > XAVGC20 AND XAVGC20 > XAVGC30 AND XAVGC30 > XAVGC50
The above formula will probably produce a few more charts because it eliminates the requirement that the stocks in the scan be above their 200 day MA.
Now create an Easyscan and call it MA/EPSGROWTH. For the Watchlist use "All Stocks". Click on "add new condition" and scroll down the list and select Volume 90-day (not the one that reads dollars). Select Value for "condition type" and move the bottom of the blue bar up so you are selecting stocks above 2500.00. Now click "add new condition" again and select EPS Percent Change Latest Yr. Use list rank for your condition type and select stocks 65 and above. Now click on "add new condition" and select the PCF you created: MA/EPSGROWTH. Now just save the Easyscan and run it. You can fiddle with some of settings to increase/reduce the number of charts in the scan. The more charts the better IMO. Yea I going to use that bottom formula Thanks .
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Registered User
Joined: 7/28/2012
Posts: 1
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[QUOTE=Craig_S]Here is one video you might enjoy
Fantastic video....
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