StockFetcher Forums · General Discussion · Finding stocks 50% above MA(50)<< >>Post Follow-up
523 posts
msg #96761
Ignore glgene
10/5/2010 9:59:18 PM

Below is a script I developed, in an attempt to find stocks at least 50% above their MA(50). Looking for potential nosebleed-level stocks. I also show their RSI(14) readings for the past 3 days.

With the end-of-day run 10-5-2010, I found 8 stocks. Sure wish I had bought VHC a month ago . Anyway, it's currently at 104% above its 50-day MA, as the column shows. That said, I would appreciate replies to any or all of the following:

1) Of the 8 stocks shown, which ones (if any) would you deem most overbought with the 10-5-2010 run? I'm thinking AVEO due to price % change and volume decreasing the last couple of days. Not sure if I would short VHC (which has Jack-in-the-Beanstalk steep rise). Your thoughts on VHC? Or the other stocks?

2) How would you improve the script to make it more meaningful?

2) What columns and/or draws would you add to complement what is already shown?

3) Finally, my script may be a little clunky. How would you streamline it to get the same results? Code efficiency isn't my forte. But i'm learning.


close is greater than 10
volume is greater than 50000
close is greater than 50% above ma(50)
add column ma(50)
add column f{price above ma(50)%}
add column separator
add column rsi(14)
add column rsi(14) 1 day ago {rsi 1 d ago}
add column rsi(14) 2 days ago{rsi 2 d ago}
draw ma(50)
draw ma(200)
draw macd(12,26)
draw rsi(14)
draw average volume(50)

523 posts
msg #96784
Ignore glgene
10/6/2010 2:18:39 PM

I see where yesterday's top-bloated stock (VHC) from my script is off -8.52% today at 1:50 pm ET.

It was more than 100% above its MA(50). RSI(14) north of 90. Nosebleed territory.

Tried to short it at $19, but there were no shortable stocks with Fidelity. Have never done a Put option.

Reversion to the mean?


Still looking for any answers to my original questions from this post.

Thanks in advance!

StockFetcher Forums · General Discussion · Finding stocks 50% above MA(50)<< >>Post Follow-up

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