Finding Trending Stocks Through Scans

So, it was another wild week for the markets. The amount of volatility in the markets was immense, and that has taken a toll on this strategy. Nonetheless, I feel that things will average out over time.


Here is what my stock scanner pulled up this week. Notice how the stock finds support at the 50 day moving average. Also notice on the last day of trading, the chart formed a tall open candle stick pattern. That is normally considered to be a bullish sign. Best of luck.


If you click on the table at the beginning of the article, you will see that many stocks have been stopped out. At first, this may seem like a bad thing, however it does have some benefits. For example, I have held 2 stocks from this strategy, WES.to and POT.to. The former was weak, and had to be eliminated, since it broke the 50dma. However, the latter was strong, and withstood the harsh storm of volatility we experienced in the last 2 weeks.

The end result is that there is a sort of natural selection process, whereby the stocks I select compete for my money, and only the strongest and most vigorous stocks succeed, while the weak are discarded. This is the process that I feel will lead to above average returns in the long run.