At the close on Tuesday 23 March 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.
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:
I therefore added it to my watchlist.
- GPO.V (Gold Port Resources Ltd.)
I also have an interest in the following stock which shows up ontoday's scan results:
|Maguire Properties Inc. |
|On my watchlist. |