Screening Filters & Rationale
Market Cap Category: Mid and Large:
- Purpose: Focus on established companies with significant market presence.
- Rationale: Mid and large-cap stocks tend to have more stability and liquidity, aligning with growth-focused strategies.
Relative Volume Above 1.5:
- Purpose: Identify stocks with higher-than-average trading activity.
- Rationale: Increased volume often indicates strong investor interest and potential price momentum.
Price Above 20-Day Moving Average:
- Purpose: Highlight stocks in a short-term uptrend.
- Rationale: Stocks trading above their 20-day moving average are typically experiencing positive momentum.
Positive Monthly Price Change:
- Purpose: Ensure selected stocks have demonstrated recent upward performance.
- Rationale: Positive monthly price change reflects consistent growth and aligns with gain-focused objectives.
Ticker Selection:
- Purpose: Narrow down to the best-performing Biotechnology/Health Tech stocks.
- Rationale: The selected tickers meet all criteria, ensuring alignment with the user's request for top gainers.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.