CANSLIM 70 plus EPS- Bearish
On the bearish side the market does a very god job of anticipating trouble and most of the time leading stocks start breaking down or witnessing distribution much earlier than it gets reflected in their earnings trends. This obviously due to the fact that high performing stocks are highly visible and are scrutinized more. That is why when it comes to playing short side going strictly by earnings trends does not work. You have to anticipate likely earnings deceleration. Which makes it tough job. That is one of the reason why short side is tougher to play.
Stocks with 70 plus EPS down 4% or more on higher volume:
AMSWA,American Software Inc A (Google Yahoo Earnings Chart)
ARGN,Amerigon Inc (Google Yahoo Earnings Chart)
DRIV,Digital River Inc (Google Yahoo Earnings Chart)
ESEA,Euroseas Ltd (Google Yahoo Earnings Chart)
EZPW,Ezcorp Inc Cl A (Google Yahoo Earnings Chart)
LXU,Lsb Industries Inc (Google Yahoo Earnings Chart)
MLHR,Herman Miller Inc (Google Yahoo Earnings Chart)
MTL,Mechel Steel Group OAO ADS (Google Yahoo Earnings Chart)
PKD,Parker Drilling Co (Google Yahoo Earnings Chart)
RHT,Red Hat Inc (Google Yahoo Earnings Chart)
SXE,Stanley Inc (Google Yahoo Earnings Chart)
2 comments:
Pradeep,
I am fascinated by your approach. A question MDTL appeared on stocks to buy before 11:00 with an Episodic signal, would you be looking to buy this today?
Not that particular stock. But yes if a stock qualifies even in pre hours trading it is a buy.
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