Bullish stocks under 60

Screening Filters & Rationale

1. Market Cap ≥ $5 billion:

   • Purpose: Focus on large-cap or mid-cap stocks for stability and reduced risk.
   • Rationale: Larger companies are generally more resilient and less volatile, aligning with bullish sentiment.

2. Price ≤ $60:

   • Purpose: Identify affordable stocks within the specified price range.
   • Rationale: Ensures the selection meets the user's budget while targeting growth opportunities.

3. High Beta:

   • Purpose: Target stocks with higher volatility for potential higher returns.
   • Rationale: High-beta stocks tend to outperform in bullish markets, aligning with the user's bullish outlook.

4. Weekly Average Turnover ≥ $3 million:

   • Purpose: Ensure sufficient liquidity for ease of trading.
   • Rationale: High turnover indicates strong investor interest and reduces the risk of illiquidity.

5. RSI (14) ≥ 50:

   • Purpose: Focus on stocks with positive momentum.
   • Rationale: RSI above 50 suggests bullish momentum, supporting the user's strategy.

6. Price Above 20-Day Moving Average:

   • Purpose: Identify stocks in an uptrend.
   • Rationale: Price above the 20-day moving average confirms short-term bullish momentum.

7. Quarterly Price Change ≥ 5%:

   • Purpose: Select stocks with recent positive performance.
   • Rationale: A minimum 5% quarterly gain indicates strong recent growth, aligning with bullish expectations.

8. Annual EPS YoY Growth ≥ 15%:

   • Purpose: Focus on companies with strong earnings growth.
   • Rationale: High earnings growth reflects strong fundamentals and potential for continued price appreciation.