At the close on Thursday 1st October 2009
|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 stock attracts my attention by displaying characteristics signalling a potential entry into Stage II.
I therefore added it to my watchlist.
- NGE.V (Nevada Exploration Inc.)
I also have an interest in the following stocks which show up on today's scan results:
|Bioteq Environmental Technologies Inc. |
|On my watchlist. |
|CSI.TO ||Colossus Minerals Inc. ||On my watchlist. |
|MFM.V ||Marifill Mines Ltd. ||On my watchlist. |
|NKA.V ||Nanika Resources Inc. ||On my watchlist. |
|OCO.V ||Oroco Resource Corp. ||On my watchlist. |
|OX.V ||Orex Exploration Inc. |
|In my portfolio. |