Market Scan

At the close on Thursday 1 April 2010

The table below identifies the stocks returned on a scan of the Canadian and US markets using a "Stockcharts" search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.

The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume levels displayed in the last 2 months.

 

Canadian Stocks

Under $5.00

 

Canadian Stocks

Over $5.00

U.S. Stocks

Under $5.00

 

U.S. Stocks

Over $5.00

The scan returns above only identify potential candidates. In that list, there is a mixed bag of stocks about to enter Stage II, some are already well into Stage II, some are not at all.    Since I am only looking for stocks entering Stage II, I must then examine each chart individually to determine whether the stock actually shows potential to cross above the Stage II Neckline and enter stage II; as described by Stan Weinstein.

Having examined the chart of each of the stocks listed above, the following attracts my attention by displaying characteristics signalling a potential entry into Stage II:

  • ARR.V (Arco Resources Corp.)
I therefore added it to my watchlist.

 

 

I also have an interest in the following stocks which show up ontoday's scan results:

Symbol
Name
Status
AC/A.TO    
Air Canada
On my watchlist.
KIV.V     
Kivalliq Energy Corp.    
On my watchlist.
OGC.TO    
OceanaGold Corp.
In my portfolio.
OX.V
Orex Exploration Inc.
In my portfolio.
PKL.V  
PC Gold Inc.
On my watchlist.
PMI
PMI Group Inc. On my watchlist.

 


 

 

 

 

 

 

 

 

 

 

 

 

 

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