IBD 200 Opportunities | stockbee

6/10/2007

IBD 200 Opportunities

Lets look at this weeks To identify the best and handful of opportunities with best potential, here is what I do.
  • The total list has 200 stocks.
  • Sorted it by 65 days growth with one day offset using Telechart scan : 100 * (C1 - C66) / C66
  • Selected the stock which had less than 10 % growth in 65 days.
  • That gives 9 stocks.


COL,Rockwell Collins Inc (Google Yahoo Earnings Chart)
HURC,Hurco Companies Inc (Google Yahoo Earnings Chart)
HURN,Huron Consulting Group Inc (Google Yahoo Earnings Chart)
ICE,Intercontinental Exchange Inc (Google Yahoo Earnings Chart)
IGLD,Internet Gold-Golden (Google Yahoo Earnings Chart)
MBT,Mobile Telesys Ojsc Ads (Google Yahoo Earnings Chart)
MTL,Mechel Steel Group OAO ADS (Google Yahoo Earnings Chart)
TS,Tenaris Sa (Google Yahoo Earnings Chart)
WFR,Memc Electronic Material (Google Yahoo Earnings Chart)


If you want to use a month growth of less than 10%, you will get 143 candidates. A few days of weakness in market leads to lot of opportunities.

  • The total list has 200 stocks.
  • Sorted it by month growth using Telechart scan : 100 * (C1 - C22) / C22
  • Selected the stock which had less than 10 % growth .
  • That gives 143 stocks.


COL,Rockwell Collins Inc (Google Yahoo Earnings Chart)
HURC,Hurco Companies Inc (Google Yahoo Earnings Chart)
HURN,Huron Consulting Group Inc (Google Yahoo Earnings Chart)
ICE,Intercontinental Exchange Inc (Google Yahoo Earnings Chart)
IGLD,Internet Gold-Golden (Google Yahoo Earnings Chart)
MBT,Mobile Telesys Ojsc Ads (Google Yahoo Earnings Chart)
MTL,Mechel Steel Group OAO ADS (Google Yahoo Earnings Chart)
TS,Tenaris Sa (Google Yahoo Earnings Chart)
WFR,Memc Electronic Material (Google Yahoo Earnings Chart)
ACH,Aluminum Corp China (Google Yahoo Earnings Chart)
ACTU,Actuate Corporation (Google Yahoo Earnings Chart)
AH,Armor Holdings Inc (Google Yahoo Earnings Chart)
AHGP,Alliance Holdings GP LP (Google Yahoo Earnings Chart)
AL,Alcan Inc. (Google Yahoo Earnings Chart)
ALJ,Alon USA Energy Inc (Google Yahoo Earnings Chart)
AMX,America Movil S A B De C V (Google Yahoo Earnings Chart)
APLX,Applix Inc (Google Yahoo Earnings Chart)
ARCAF,Arcadis Nv (Google Yahoo Earnings Chart)
ARD,Arena Resources Inc (Google Yahoo Earnings Chart)
ARGN,Amerigon Inc (Google Yahoo Earnings Chart)
ARO,Aeropostale Inc (Google Yahoo Earnings Chart)
AZZ,Azz Inc (Google Yahoo Earnings Chart)
BAP,Credicorp Ltd (Google Yahoo Earnings Chart)
BF,Basf Ag Ads (Google Yahoo Earnings Chart)
BGC,General Cable Corp (Google Yahoo Earnings Chart)
BHI,Baker Hughes Inc (Google Yahoo Earnings Chart)
BHP,BHP Billiton Ltd (Google Yahoo Earnings Chart)
BID,Sotheby's Holding Cl A (Google Yahoo Earnings Chart)
BIDU,Baidu.com Inc (Google Yahoo Earnings Chart)
BOT,CBOT Holdings Inc (Google Yahoo Earnings Chart)
BSI,Blue Square Israel Ltd (Google Yahoo Earnings Chart)
BTJ,Bolt Technology Corp (Google Yahoo Earnings Chart)
BWLD,Buffalo Wild Wings (Google Yahoo Earnings Chart)
CAM,Cameron International Corp (Google Yahoo Earnings Chart)
CENX,Century Aluminum Company (Google Yahoo Earnings Chart)
CEPH,Cephalon Inc (Google Yahoo Earnings Chart)
CHE,Chemed Corp (Google Yahoo Earnings Chart)
CLB,Core Laboratories N.V. (Google Yahoo Earnings Chart)
CMG,Chipotle Mexican Grill (Google Yahoo Earnings Chart)
CMI,Cummins Inc (Google Yahoo Earnings Chart)
COL,Rockwell Collins Inc (Google Yahoo Earnings Chart)
CPD,Caraco Pharm Labs (Google Yahoo Earnings Chart)
CPL,Cpfl Energia Sa (Google Yahoo Earnings Chart)
CPLA,Capella Education Company (Google Yahoo Earnings Chart)
CPX,Complete Production Services Inc (Google Yahoo Earnings Chart)
CRDN,Ceradyne Inc (Google Yahoo Earnings Chart)
CRH,CRH Plc (Google Yahoo Earnings Chart)
CTV,Commscope Inc (Google Yahoo Earnings Chart)
CXW,Corrections Corp Of Amer (Google Yahoo Earnings Chart)
DAVE,Famous Dave's Of America (Google Yahoo Earnings Chart)
DK,Delek US Holdings Inc (Google Yahoo Earnings Chart)
DRC,Dresser-Rand Group Inc (Google Yahoo Earnings Chart)
DRQ,Dril-Quip Inc (Google Yahoo Earnings Chart)
DSX,Diana Shipping Inc (Google Yahoo Earnings Chart)
DVR,Cal Dive Intl Inc (Google Yahoo Earnings Chart)
DWSN,Dawson Geophysical Co (Google Yahoo Earnings Chart)
DXPE,Dxp Enterprises Inc (Google Yahoo Earnings Chart)
EDU,New Oriental Edu And Tech Corp (Google Yahoo Earnings Chart)
ELP,Companhia Paranaense De (Google Yahoo Earnings Chart)
ESP,Espey Mfg & Electronics (Google Yahoo Earnings Chart)
ESRX,Express Scripts Inc (Google Yahoo Earnings Chart)
ESV,Ensco International Inc (Google Yahoo Earnings Chart)
FLIR,Flir Systems Inc (Google Yahoo Earnings Chart)
GGB,Gerdau Sa Ads (Google Yahoo Earnings Chart)
GILD,Gilead Sciences Inc (Google Yahoo Earnings Chart)
GLBL,Global Industries Ltd (Google Yahoo Earnings Chart)
GLNG,Golar Lng Limited (Google Yahoo Earnings Chart)
GME,Gamestop Corp (Google Yahoo Earnings Chart)
GMRK,Gulfmark Offshore Inc (Google Yahoo Earnings Chart)
GNA,Gerdau Ameristeel (Google Yahoo Earnings Chart)
GRP,Grant Prideco Inc (Google Yahoo Earnings Chart)
GSOL,Global Sources Ltd. (Google Yahoo Earnings Chart)
HOC,Holly Corp (Google Yahoo Earnings Chart)
HOS,Hornbeck Offshore Services Inc (Google Yahoo Earnings Chart)
HURC,Hurco Companies Inc (Google Yahoo Earnings Chart)
HURN,Huron Consulting Group Inc (Google Yahoo Earnings Chart)
HWCC,Houston Wire & Cable Company (Google Yahoo Earnings Chart)
IART,Integra Lifesciences Hld (Google Yahoo Earnings Chart)
ICE,Intercontinental Exchange Inc (Google Yahoo Earnings Chart)
IEX,Idex Corp (Google Yahoo Earnings Chart)
IGLD,Internet Gold-Golden (Google Yahoo Earnings Chart)
ISE,International Securities Excha (Google Yahoo Earnings Chart)
ISRG,Intuitive Surgical Inc (Google Yahoo Earnings Chart)
ITU,Banco Itau S A Adr (Google Yahoo Earnings Chart)
JCOM,J2 Global Communications (Google Yahoo Earnings Chart)
JEC,Jacobs Engineering Group (Google Yahoo Earnings Chart)
JOSB,Jos A Bank Clothiers (Google Yahoo Earnings Chart)
JOYG,Joy Global Inc (Google Yahoo Earnings Chart)
KTII,K-Tron Internat Inc (Google Yahoo Earnings Chart)
LAYN,Layne Christensen Co (Google Yahoo Earnings Chart)
LXU,Lsb Industries Inc (Google Yahoo Earnings Chart)
MBT,Mobile Telesys Ojsc Ads (Google Yahoo Earnings Chart)
ME,Mariner Energy Inc When Issued (Google Yahoo Earnings Chart)
MICC,Millicom Intl Cellular Sa (Google Yahoo Earnings Chart)
MLM,Martin Marietta Material (Google Yahoo Earnings Chart)
MT,Arcelor Mittal (Google Yahoo Earnings Chart)
MTL,Mechel Steel Group OAO ADS (Google Yahoo Earnings Chart)
MTOX,Medtox Scientific (Google Yahoo Earnings Chart)
MTW,Manitowoc Co Inc (Google Yahoo Earnings Chart)
NGA,N Amer Galvanizing & Coatings (Google Yahoo Earnings Chart)
NILE,Blue Nile (Google Yahoo Earnings Chart)
NOV,National Oilwell Varco Inc (Google Yahoo Earnings Chart)
NTGR,Netgear (Google Yahoo Earnings Chart)
ONAV,Omega Navigation Enterprises Inc Class A (Google Yahoo Earnings Chart)
PCAR,Paccar Inc (Google Yahoo Earnings Chart)
PCLN,Priceline.com Inc (Google Yahoo Earnings Chart)
PCP,Precision Castparts Corp (Google Yahoo Earnings Chart)
PCU,Southern Copper Corp (Google Yahoo Earnings Chart)
PH,Parker Hannifin Corp (Google Yahoo Earnings Chart)
PV,Pfeiffer Vacuum Tech Ag (Google Yahoo Earnings Chart)
RIG,Transocean Inc (Google Yahoo Earnings Chart)
RIO,Companhia Vale Do Rio Doce (Google Yahoo Earnings Chart)
RRC,Range Resources Corp (Google Yahoo Earnings Chart)
RS,Reliance Steel & Alum Co (Google Yahoo Earnings Chart)
RTP,Rio Tinto Plc Adr (Google Yahoo Earnings Chart)
SCRX,Sciele Pharma Inc (Google Yahoo Earnings Chart)
SII,Smith Internat Inc (Google Yahoo Earnings Chart)
SJR,Shaw Communications Cl B (Google Yahoo Earnings Chart)
SLB,Schlumberger Ltd (Google Yahoo Earnings Chart)
SMCI,Super Micro Computer (Google Yahoo Earnings Chart)
SPN,Superior Energy Svcs Inc (Google Yahoo Earnings Chart)
SPSS,Spss Inc (Google Yahoo Earnings Chart)
SPWR,SunPower Corp (Google Yahoo Earnings Chart)
SQM,Sociedad Quimica Chile (Google Yahoo Earnings Chart)
SSW,Seaspan Corp (Google Yahoo Earnings Chart)
SSYS,Stratasys Inc (Google Yahoo Earnings Chart)
STLD,Steel Dynamics Inc (Google Yahoo Earnings Chart)
SXC,Stantec Inc (Google Yahoo Earnings Chart)
SYNL,Synalloy Corp (Google Yahoo Earnings Chart)
TCK,Teck Cominco Limited (Google Yahoo Earnings Chart)
TDG,TransDigm Group Inc (Google Yahoo Earnings Chart)
TDW,Tidewater Inc (Google Yahoo Earnings Chart)
TEX,Terex Corp (Google Yahoo Earnings Chart)
TGB,Taseko Mines Ltd (Google Yahoo Earnings Chart)
TKC,Turkcell Iletisim Hizmetleri ADS (Google Yahoo Earnings Chart)
TNH,Terra Nitrogen Co L.P. (Google Yahoo Earnings Chart)
TS,Tenaris Sa (Google Yahoo Earnings Chart)
TSO,Tesoro Corp (Google Yahoo Earnings Chart)
TTES,T-3 Energy Services Inc (Google Yahoo Earnings Chart)
TU,Telus Corporation (Google Yahoo Earnings Chart)
TWIN,Twin Disc Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VIP,Vimpel Communication Ads (Google Yahoo Earnings Chart)
VIVO,Meridian Bioscience Inc (Google Yahoo Earnings Chart)
VMI,Valmont Industries Inc (Google Yahoo Earnings Chart)
VOLV,Ab Volvo Adr (Google Yahoo Earnings Chart)
WBD,Wimm Bill Dann Foods Ojsc (Google Yahoo Earnings Chart)
WFR,Memc Electronic Material (Google Yahoo Earnings Chart)
WFT,Weatherford International Ltd (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)
WHQ,W-h Energy Services Inc (Google Yahoo Earnings Chart)
X,US Steel Corp (Google Yahoo Earnings Chart)


To narrow down candidates from this list you can use some of the following criteria:
  • Float
  • Earnings/sales growth rate in last 2 quarters
  • Recency of earnings acceleration
  • Number of funds in stock
  • First second or third consolidation

10 comments:

chan said...

Hi Pradeep,

I got stopped out of most of my positions on Thursday. How soon can we reenter into this market if something breaks out with 4%.

Is it safe to enter right next week or do we have to wait for 'Market Monitor' to turn up (200 plus breakouts and less than 5 50% a month) BEFORE we start putting capital into any of these breakouts.

Some stocks had breakout due to Friday's rebound. But I am not sure if I should enter so soon after stopping out of most of my positions just a day ago.

Nashas said...

Hi Pradeep,

I narrowed down EPS 70+ list from "Stock in focus" using the factors you mentioned in your DIY exercise. Following is the result:

Step 1: 30 days or 65 days growth less than 10%
AKAM, CAE, GROW, INFY, IRIS, ISIL, MXIM, SPTN, TNC, TXN, WST, X

Step 2: Relative strength >= 65
All in Step1 (Don’t have IBD or TC. So manually calculated using formula: 0.4 * (C * 100 / C65) + 0.2 * (C * 100 / C130) + 0.2 * (C * 100 / C195) + 0.2 * (C * 100 / C260))

Step 3: Price within 15% of 52 weeks
CAE, IRIS, ISIL, MXIM, SPTN, TNC, TXN, WST, X

Step 4: No 4% plus breakout in last 10 days
CAE, IRIS, ISIL, MXIM, SPTN, TNC, TXN, WST, X

I did this exercise because it is helping me in understanding the concepts. Your critique/comments will be highly appreciated.

ivanhoff said...

you have an interesting concept behind the idea to reduce IBD 200 to the stocks, which appreciated less then 10% during the last 65 days. Have you tracked the performance of such stocks?

Pradeep Bonde said...

Chan
In 4-5 days it will be clear. If market is going down we will see more 250 plus down 4% days.

nashas
The list was pre selected for breakout. So your analysis is mostly wrong. Plus the relative strength formula is rank not value so unless you have rank for all stocks , you can not decide which are ranked 65 plus.

ivanhoff
I am a trader primarily not interested just in tracking things. Only select few stocks out of the IBD 200 I buy even if they meet the 65 days weakness. After that they have to have 4% breakout for me to buy. After that on that day there has to be money in the account to buy that position. So in reality I end up buying only around 20 to 22 stocks out of the list in a year. Some you get stopped out , some go on to make triple digit.

m said...

Pradeep,

When you say they have to have 4% breakout to buy, are you watching this intraday and buy when the high is 4% or does the 4% have to be the price at close? What if the high drops from 4% intraday?

Pradeep Bonde said...

I buy both intra day or next day once 4% plus on high volume (v>v1) second condition is also true.
What if the stock goes up 10% intra day after buying 4%. Probability of a stock making further move after making 4% intra day is higher than it going down. You can test this.

m said...

OK I got it. I had a couple of stocks on my list and those that hit 4% have maintained that 4% + thus far today. I will continue to watch the 4% breakouts. One of those stocks was actually KMGB which I picked up as a result of your 70plus concept a week or so ago which is up 20% since I bought it. Although my universe of stocks was more limited than yours. But I am continuing to learn the processes......Thanks for your teachings!

jf said...
This comment has been removed by the author.
jf said...

hi Pradeep,

Sorry if I am confused, to reduce the list would it be useful to apply your 70+ EPS and 65+ RS method on this list of IBD 200? thank you.

Pradeep Bonde said...

Allmost every stock in IBD 200 is 70 plus EPS and RS of above 90, so you would get all 200 stocks.