StockFetcher Forums · General Discussion · Finding stocks 50% above MA(50)<< >>Post Follow-up
glgene
613 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.

Thanks!

Fetcher[
close is greater than 10
volume is greater than 50000
close is greater than 50% above ma(50)
add column ma(50)
set{b,close/ma(50)}
set{c,1}
set{d,b-c}
set{e,100}
set{f,e*d}
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)
]




glgene
613 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?

Whatever...

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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