N
The scan is based on the work of Tony Crabel and Linda Bradfor Raschke and takes advantage of a volatility breakout using an inside day (ID) which has the narrowest range of the last four days. The methodology only predicts that there will be a breakout in the price range, not which direction it will be, so I have added both long and short entry points to the scan. I have also added volume, price, EPS and RS restrictions to narrow the output to a more selective list of playable stocks. You may want to further narrow your list of candidates by using your own prescanned group as the input file.
input="udu5550.lst";
output = "nr4.lst";
daystoload=65;
DaysRequired=65;
Printhdrln "Symbol,Company,Industry Group,Close,Change, % Chg,EPSRank,QRS,PE,Vol,30adv,Buy Stop,Sell Stop";
if Range (-3) > Range (0) and
Range (-2) > Range (0) and
Range (-1) > Range (0) and
Low (-1) < low (0) and
high (-1) > high (0) and
Close(0)>=10 and
EPSRank(0) >=85 and
QRS(0) >=85 and
AvgVol (0, -49)>=10000
then
println symbol , "," , Description,",",IRLsymbol:12,",",Close(0):7:2,",",Close(0)-Close(-1):7:2,",
",((Close(0)-Close(-1))/Close(-1))*100:7:2,",",EPSRank(0):3:0,",",QRS(0):3:0,",
",PE:5:0,",",vol(0)/1000:8:1,",",avgvol(0,-29)/1000:8:1,",",Close(0)+(0.02):5:2,",
",Close(0)-(0.02):5:2;
endif;
The scan is based on the work of Tony Crabel introduced in his classic book, Day Trading With Short-term Price Patterns and Opening-range Breakout. Like the NR4 Scan, it takes advantage of a volatility breakout using an inside day (ID) which has the narrowest range of the last seven days. The methodology only predicts that there will be a breakout in the price range, not which direction it will be, so I have added both long and short entry points to the scan. I have also added volume, price, EPS and RS restrictions to narrow the output to a more selective list of playable stocks. You may want to further narrow your list of candidates by using your own prescanned group as the input file.
input="udu5550.lst"; output = "nr7.lst"; daystoload=65; DaysRequired=65; Printhdrln "Symbol,Company,Industry Group,Close,Change, % Chg,EPSRank,QRS,PE,Vol,30adv,Buy Stop,Sell Stop"; if Range (-6) > Range (0) and Range (-5) > Range (0) and Range (-4) > Range (0) and Range (-3) > Range (0) and Range (-2) > Range (0) and Range (-1) > Range (0) and Low (-1) < low (0) and high (-1) > high (0) and Close(0)>=10 and EPSRank(0) >=85 and QRS(0) >=85 and AvgVol (0, -49)>=10000 then println symbol , "," , Description,",",IRLsymbol:12,",",Close(0):7:2,",",Close(0)-Close(-1):7:2,", ",((Close(0)-Close(-1))/Close(-1))*100:7:2,",",EPSRank(0):3:0,",",QRS(0):3:0,",",PE:5:0,", ",vol(0)/1000:8:1,",",avgvol(0,-29)/1000:8:1,",",Close(0)+(0.02):5:2,",",Close(0)-(0.02):5:2; endif;
New High, 25 Day, Filtered Scan V 2.3
Filtered screen of 25 day new high stocks for those institutions could be buying. It extracts from the 25 day new high list those stocks that closed equal to or over $10/share with a float greater than or equal to 10 million shares, and today's volume greater than or equal to 50k shares, with institutional holdings under 50%. The print out also yields EPS, RS, Average Volume for the past 30 days, today's volume and short interest in addition to shares float. In general terms, 3% of the float is about average for short interest. A double digit short interest percentage may indicate good short squeeze potential should the stock continue to move up in price. This scan eliminates 90% of the stocks from the 25 Day New High (Unfiltered) scan. This scan is designed to be run nightly. The key is to find stocks that are appearing on the list for the first time in industry groups that are just starting to exhibit strength in the 25 Day New High Unfiltered scan.
Version 2.0 of this scan puts the output data in an easier to read, user friendly format in addition to including several new fields that assist in finding the better candidates more quickly. Price change and percent price change from the previous day have been added, along with percent of float short.
Version 2.1 of this scan adjusts the calculated float and short interest values to reflect the numerical formatting changes made by Quotes Plus. These changes changed both of these values to be expressed in terms of millions of shares.
Version 2.2 corrects a days to load/required error.
Version 2.3 was created for download from the Internet.
output = "25DHiF23.lst"; Exchange = NYSE , AMEX , NASDAQ; daystoload=30; DaysRequired=30; Printhdrln "Symbol,Company Name,Industry Group,Close,Change,% Change,QP2 EPS Rank, QP2 RS Rank,PE,Vol (k),30 Day Avg Vol (k),Float (mil), Shares Short (mil),% Float Short"; if (Close(0) > max(-1,-24,cl)) and Close(0)>=10 and Sharesfloat >=10 and Vol(0)>=50000 and InstHold < 50 then println Symbol,",",description:-15,",",IRLsymbol:12,",",Close(0):7:2," ,",Close(0)-Close(-1):7:2,",",((Close(0)-Close(-1))/Close(-1))*100:7:2," ,",EPSRank(0):3:0,",",QRS(0):3:0,",",PE:5:0,",",vol(0)/1000:8:1," ,",avgvol(0,-29)/1000:8:1,",",Sharesfloat:5:0,",",Shortint:5:3," ,",100*Shortint/Sharesfloat:3:2; endif;
Run the Scan to see results from the most recent market close
Download 25dnhfv23.exp
New High, 25 Day, Unfiltered Scan
This scan looks for all stocks making a new high over the last 25 days (5 weeks). Five weeks is used because this time period is the right side of the bottom of a proper six to eight week cup chart formation. For more information on why this time frame is significant, see The Triad of Investing at UnRuly Dog University. This scan is used primarily for industry group analysis and is meant to be run nightly. All great winning stocks show up on this list.
output = "25DHi.lst"; daystoload=150; DaysRequired=150; Printhdrln "Symbol,Close,EPSRank,QRS,30adv,Vol,PE,IRLGroup,SharesFloat,SharesShort,Name,InstHold"; if ( Close(0) > max(-1,-24,cl) ) then println Symbol,",",Close(0):7:2,",",EPSRank(0):3:0,",",QRS(0):3:0,",", avgvol(0,-29)/1000:8:0,",",vol(0):8:3,",",PE:5:0,",",IRLsymbol:12,",", Sharesfloat:5:0,",",Shortint:5:0,",",description:-15,",",InstHold:3:2; endif;
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