Zacks.com Featured Expert Kevin Matras Highlights: Illumina, ONEOK and Ryerson Tull.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- Kevin Matras goes over a price and volume screen for finding stocks on the move. Stocks in this week's article are Illumina, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ILMN), ONEOK, Inc. (NYSE NYSE See: New York Stock Exchange : OKE n. 1. A Turkish and Egyptian weight, equal to about 2 Screen of the Week written by Kevin Matras of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. : Here's a simple screen for finding stocks on the move. I use this screen regularly to find which stocks are hot and which are not. This screen looks for stocks with three days worth of increasing prices accompanied by three days worth of increasing volume. I have found that stocks meeting these criteria have a tendency to continue moving in that same direction. Why? Because price has a tendency to follow volume. For instance, if a stock is falling on increasing volume, it could be a sign that people are getting out and that new shorts (bets that a stock will go down) are being put on. Likewise, if a stock is moving higher on increased volume, it can be a sign that new buyers are coming in (and maybe with more conviction) while some short sellers may be giving up (buying back their bets for lower prices). The parameters for this are easy. * Current Price greater than Price 1 Day Ago * Price 1 Day Ago greater than Price 2 Days Ago * Price 2 Days Ago greater than Price 3 Days Ago * Current Volume greater than Volume 1 Day Ago * Volume 1 Day Ago greater than Volume 2 Days Ago * Volume 2 Days Ago greater than Volume 3 Days Ago And it's applied to stocks that are trading within 20% of their 52-week high. Additionally, they're greater than or equal to $5 and have a minimum of at least 50,000 shares traded daily. I love this one because instead of focusing on just the biggest gainers (which often are one day events -- that have been missed), this screen spots price momentum AND accumulation. Very bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish signs. Here are a few of the stocks it picked for Tuesday, 1/23/07: ILMN Illumina, Inc. OKE ONEOK, Inc. RYI Ryerson Tull, Inc. This screen is available in the Research Wizard Instructional help in an application or system development environment that guides the user through a series of multiple choice questions to accomplish a task. For the most part, wizards are more effective than the help menus found in most applications, which often border on the atrocious. by going to: < < < < < Screen < < < < < Open Screen Definition < < < < < Double-click: the SoW folder < < < < < Select: sow_3_days_up_price_vol Use the Research Wizard to run this screen on your own. Or any of the other proven, profitable strategies that come with the program. And learn how to create and test your own winning trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same that tell you when to buy and when to sell. It's easy to do. Sign up now for your two-week FREE trial to the Research Wizard and start making better decisions today. http://at.zacks.com/?id=111 Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=113 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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