Doug, I wonder if many of the VL list are currently trading over $50 (your cut off in scan). Perhaps it would be interesting to run your list against a simpler MA crossover scan? You could play with periods, but simple scan would be:
// Find stocks where 50day ma has today crossed higher than 200day ma
AllGroup
MovAvg(0,50,cl) > Movavg( 0,200,cl)
MovAvg(-1,51,cl) < Movavg( -1,201,cl)
MovAvg( 0,50,cl) > MovAvg(-10,50,cl) // 150 day ma is moving up
Close(0)>=5 // At least a 5 dollar stock
AvgVol(0,-29)>=250 // At least 25,000 shares average volume
.................................................
I expect picking would also be small number, but this 50/200 day crossover seems to be a fairly standard watch among institutional investor types. Since Value Line stocks are also those most followed by institutions, one might be interested in following these MA CO.
Incidentally, this 50/200 scan is one of ten I run every night on the entire QP database.
Derek |
