7/26/2010

How to find rally leaders

The market has had a approximately 8% move from its bottom in last 16 trading days. In the last 16 days some stocks have made big moves.

The following 100 stocks are top ranked stock by % gains in last 16 days. Stock priced below 4 are eliminated and stocks with less than 100000 average volume in last 4 days are excluded to calculate top 100 list.


ACAP
ACF
ADCT
AEIS
AIXG
AKS
APC
APL
ARGN
ARMH
ARNA
ATAC
AWI
AXL
BP
BUCY
CAGC
CCO
CEDC
CGA
CHUX
CKEC
CNH
CPX
CRUS
CSIQ
CYT
DCTH
DGIT
DIN
DRYS
ENER
ENTG
FFIV
FOE
FUQI
GBX
GENZ
GET
HEAT
HEW
HOG
IGTE
INFA
INFN
IRE
ISLN
IVN
JASO
JKS
JRN
LAD
LDK
LDSH
LF
LLEN
LNCE
LSCC
MBI
MNTA
MON
MSB
MTG
MTL
NM
NR
NTGR
NTY
PCLN
PLA
POL
PWER
RDN
RES
RRGB
RRR
RVBD
RVI
SCHN
SFN
SGMO
SMP
SMRT
SOLF
SPN
SYNT
TIE
TKS
TSL
TSTC
TXT
TYH
UIS
URI
WLK
WPRT
WY
X
XXIA
YONG

Some leading stocks by price % change in last 16 days are:
ARNA up 66%

























MBI up 54%
























JKS up 43%


























Some of these 100 stocks will form pullbacks in next couple of weeks and if market continues to go up they will offer a buy opportunities. Stocks that breakout in first few weeks of a market up move tend to lead the market move for many months.

To find  these 100 stocks using Telechart, you need to be familiar with the "Custom Date Sort" function. Using the "Custom Date Sort" you can sort the "Common Stocks" for the period between July 1st and July23rd. July 1st was the bottom of this uptrend. Once you get the sort you need to select Top 100 stocks by % change between those 2 dates.

If you want to use the filters I used to eliminate low priced and low liquidity stocks then you need to first apply the filter and create a Easyscan and then sort the Easyscan list by the Date sort.

Here is a step by step way to do this:
  1. Create a liquidity PCF: MINV3.1 >= 1000 This gives you stocks which had minimum 100k volume in each of the last 3  trading days excluding todays trading day.
  2. Create a Easyscan with following conditions:
  • Common Stocks
  • Price per share>4
  • Liquidity PCF =true
Once you have this list setup go to Custom Date Sort and set sort date as:
Start Date: 07/01/10
End Date: 07/23/10
Select % change
and then run the sort.
This will sort your newly created Easyscan by the % change between those two dates. Select top 100 stocks from that and create a new watchlist "Rally Leaders".

Keep an eye on these leaders for buy opportunities once they have a pullback or sideways move.
 
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