Double Trouble update

Index moves are not reflecting in individual stocks. Currently just 45 stocks are up 4% or more on higher volume.

Out of the list below, IGLD appeared in scans few days ago and was better buy candidate that day. OMCL and POZN are next based on number of 65 day weakness. OMCL is also a member of IBD 200 for sometime.

IGLD,Internet Gold-Golden (Google  Yahoo  Earnings  Chart
OMCL,Omnicell Inc (Google  Yahoo  Earnings  Chart
POZN,Pozen Incorporated (Google  Yahoo  Earnings  Chart
SYNL,Synalloy Corp (Google  Yahoo  Earnings  Chart


JS said...

Can you please clarify what you mean by "number of 65 day weakness" for POZN and OMCL? Are you looking for weakness in these stocks for the past 65 days to enter or are you saying the stocks have traded flat/ been weak for the past 65 days and so it is safe to enter? For ex, POZN has traded between 17.06 and 13.62 during the past 65 days, with 13.62 as recently as 2 days back. Hence I am assuming you feel it is ready for a break out and hence safe to enter?

Pradeep Bonde said...

100 * ((C1 + .01) - ( MINC65.1 + .01)) / (MINC65.1 + .01)
Stocks ranked by the 65 day growth as of yesterday. Preferable to take the one with lower rank as they might be starting fresh leg up. So one is finding a short term (65 days) weakness in long term (260 days) strengthy to enter.