A friend with a limited amount of time to chart/research stocks asked me how to find uptrending stocks that have pulled back a bit but if/when they pop they have a good chance of a decent gain over a few days.
I suggested he play around with this:
price lost between 3 and 7 percent over the last 1 day and close is above ema(13)and rsi(2)is above 50 and volume is greater than 200000 and close is between 1 and 15
date offset is 0
As you'll see it doesn't give a bunch of matches but can give some nice hits
Remember, GREEN hold/Average or above the stocks daily volume.
Friday, December 22, 2006
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