Thean and all:
I've coded a scan for long (and short) candidates based on a MACD (12, 26,9). Here are a couple that look attractive.
Long candidates were pulled from a scan based on MACD with a setup being given by a "fast" line > "signal" line crossover based on 2/19 closing prices. My MACD is based on a SMA as opposed to an exponential MA as I cannot code an EMA in TC2000. My other criteria are average monthly volume > 150,000 and Price > $20. I also look at stochastics, Worden's proprietary accumulation indicator, and breakout from congestion. I try to be conservative so for confirmation I check IBD and Zack's. Here's my shorthand for providing IBD and Zack's info -- [RS, Timeliness, Accumulation/distribution, Zack's rank (1 = strong buy/5 = strong sell)]. I'll provide a link to Timely.com and also to IQsuites for the MACD histogram. So....
PZZA [78, B, C, 1] Hate the pizza, but just got SB recommendations from Bradford and Piper Jafray. This was a GBS long last fall.
timely.com.
207.95.154.130.
MACR [96, A, B, 3] Received 2 strong buy upgrades from Jafray and Dakin this month
timely.com.
207.95.154.130.
EAII [78, B, B, 3] Beautiful MACD - looks like a sine wave!
timely.com.
207.95.154.130.
KING [96, B, A, 1] Already left the station perhaps , but a few points left IMO.
timely.com.
207.95.154.130.
Comments invited.
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