Screening Filters & Rationale
Market Cap ($300M - $2B):
- Purpose: Focus on small to mid-cap stocks with higher growth potential.
- Rationale: These companies often exhibit higher volatility and potential for rapid price appreciation compared to large-cap stocks.
Minimum 1% Price Change:
- Purpose: Target stocks with significant daily price movement.
- Rationale: A minimum price change ensures the stock is actively moving, which is essential for short-term high returns.
Relative Volume Above 1.5:
- Purpose: Identify stocks with trading activity significantly above their average.
- Rationale: High relative volume indicates increased market interest, which can drive price momentum.
No Imminent Earnings Announcements:
- Purpose: Avoid stocks with earnings reports within the week.
- Rationale: Earnings announcements can introduce unpredictable volatility, which may not align with the desired strategy.
High Beta:
- Purpose: Select stocks with high sensitivity to market movements.
- Rationale: High beta stocks are more volatile, offering greater potential for rapid price changes.
Weekly Average Turnover Above $2M:
- Purpose: Ensure sufficient liquidity for trading.
- Rationale: High turnover reduces the risk of slippage and ensures ease of entry and exit.
Optionable:
- Purpose: Focus on stocks with available options for additional trading strategies.
- Rationale: Optionable stocks provide flexibility for leveraging or hedging positions.
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.