Usual
Suspects
The Usual
Suspects scan is intended to find stocks that are moving up on high volume.
You should ignore those stocks that have been moving up on high volume
for several days - you want the first day of the move. It is best if the
stock is moving out of consolidation. The scan is primarily useful for
finding long trade candidates.
We have
created two set of criteria for this scan. One should be run in the first
hour of trading, and the other may be run later in the day. We do this
because we are looking for stocks that have traded above average volume, and
volume is time dependent.
We have added a
requirement for minimum average volume and minimum price.
First Hour
MAV20 >
100000
LastTrade >
5
DayVolume >
MAV20 * 0.75
LastTrade -
CLOSE1 > 0
LastTrade -
DayOpen > 0
Later in
the Day
MAV20 >
100000
LastTrade >
5
DayVolume >
MAV20 * 1.25
LastTrade -
CLOSE1 > 0
LastTrade -
DayOpen > 0
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