StockFetcher Forums · Filter Exchange · STOCKS BOTTOM<< >>Post Follow-up
jamesr92
6 posts
msg #105276
Ignore jamesr92
3/6/2012 9:51:37 PM

does anybody know a good scan setup to find stocks under 5 dollars that have had a major selloff and bottomed out and getting ready to do a reversal

miketranz
716 posts
msg #105277
Ignore miketranz
modified
3/6/2012 10:23:18 PM

Jimmy,try a basic filter that finds stocks making either 90 day lows/180 day lows or 52 wk lows.Add in volume 100% increase or better from prior day.Remember one thing about catching new lows and picking bottoms,"new lows most of the time continue to make new lows".Put the stock on a watch list as it drops.Pick a strong reversal day where the stock trades above the high of the previous day.Go long,set a tight stop,and pray.PS: On my watch list waiting for a pop SAPX.Good luck,Miketranz.......

jamesr92
6 posts
msg #105282
Ignore jamesr92
3/7/2012 8:24:28 AM

thanks bro appreciate the help

ravi
10 posts
msg #105286
Ignore ravi
3/7/2012 11:40:28 AM

make a pincher scanner for stocks above 5 bucks

jamesr92
6 posts
msg #105297
Ignore jamesr92
3/7/2012 8:06:16 PM

pincher scanner?

ravi
10 posts
msg #105379
Ignore ravi
3/11/2012 11:49:49 PM

here's one of my pinch scans, the pinch is the PPO, and ADX line coming together

[daily sma(20,daily volume) > 40000] and [daily rsi(14) <= 30] and [daily rsi(2) >= 25] and [daily rsi(5) >= 25] and [daily plus di(14) <= 15] and [daily ppo line(12,26,9) <= -50] and [daily adx line(14) >= 55] and [daily williams %r(14) <= -70]

bkhurana43
103 posts
msg #105384
Ignore bkhurana43
modified
3/12/2012 8:13:26 AM

James
I like the scan Ravi has suggested. By adding 1 more line Close < 5 will meet your requirements I believe.

Fetcher[market is not etf
daily sma(20,daily volume) > 40000 and daily rsi(14) <= 30 and daily rsi(2) >= 25 and daily rsi(5) >= 25 and daily plus di(14) <= 15 and daily ppo line(12,26,9) <= -50 and daily adx line(14) >= 55 and daily williams %r(14) <= -70
Close < 5
]




jamesr92
6 posts
msg #105385
Ignore jamesr92
3/12/2012 8:27:17 AM

those last two filters are awesome... apreciate it guys

StockFetcher Forums · Filter Exchange · STOCKS BOTTOM<< >>Post Follow-up

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