To find big winner look at stocks that have doubled recently | stockbee

11/12/2014

To find big winner look at stocks that have doubled recently

There are around 7000 stocks in the market . If you are looking for a stock likely to double look for a stock that has already doubled recently from its 52 week low.

When a stock doubles from its low , in many cases  (but not all) there is a significant catalyst for such powerful move. That catalyst can remain valid for many months or at times years. If the move has such identifiable catalyst then those are the stock you can focus on for next part of the big move. Every stock that makes a 1000% move first has to  double.

If you use this kind of approach you narrow down the universe of stock to focus on to a small number of around 200 stocks in the market. That makes task of researching them easier. Within the 200 stocks many will have already made there big moves so they get eliminated. The one that recently doubled for the first time are the one worth focusing on.

You can set this up pretty easily in Telchart by using the scan:

 c/minl252>=2 and minv3.1>=100000

Once you get scan candidate you need to further research them to find the 5 to 6 good candidates with big catalyst.



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