What is CAN SLIM Select?
The IBD CAN SLIM Select stock list tracks market-leading stocks that in general show strong earnings growth, positive institutional sponsorship, excellent industry strength, and solid sales growth, profit margins and return on equity. Stocks must also meet minimum price and volume levels. The list takes the market's direction into consideration and adds stocks only in healthy market environments. In healthy market conditions, the CAN SLIM Select list will include 100 stocks. In down-trending or poor markets, the list will shrink as stocks will not meet hurdles for inclusion in the list. For example, if the list contains 75 stocks, this indicates that the list is 75% active in the market.
Now this list has been a comparatively recent addition to the web site and it started after IBD tied up with Duncan-Hurst Capital Management to offer CANSLIM Select Growth Fund. The list has between 50 to 100 stocks depending on market circumstances. It is updated daily. It has slightly different set of stocks compared to IBD 100. Many of the stocks added are added prior to their breakout.
Having tested the list over many months, it offers good daily list of stocks for CANSLIM kind of investors. The advantage of the list is you can research and anticipate entries on some of these stocks.