- 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 8 stocks.
ACL,Alcon Inc (Google Yahoo Earnings Chart)
AOB,American Oriental Bioengineering Inc (Google Yahoo Earnings Chart)
BLUD,Immucor Inc (Google Yahoo Earnings Chart)
COL,Rockwell Collins Inc (Google Yahoo Earnings Chart)
GES,Guess? Incorporated (Google Yahoo Earnings Chart)
HURN,Huron Consulting Group Inc (Google Yahoo Earnings Chart)
ICE,Intercontinental Exchange Inc (Google Yahoo Earnings Chart)
MBT,Mobile Telesys Ojsc Ads (Google Yahoo Earnings Chart)
Now this list can further be reduced based on sector action or whether the stock is in early breakout phase or late breakout phase.
I do not see any opportunity in the list for this week. At best GES looks interesting, but it is moving up without breakout. GES has had many quarters of good earnings and number of stocks in the sector are breaking out.So I will still be watching last weeks SSW. SSW is a shipping container chartering service. Shipping sector is currently in favor. MICC from last week had a nice breakout.
As market rally moves further, you get less and less number of stocks meeting all your criteria. In early stages of overall market rally, you get more stocks meeting your criteria. If there is few days or weeks correction, again you find more candidates. That is the way you want it anyway, more opportunities at start of rally and diminished opportunities as market moves higher. So those starting to trade IBD 200 will find waiting till market correction is your best bet.