Stocks that spiked above $3 today

Screening Filters

1. Price ≥ $10

   • Purpose: Focus on reasonably priced, more established stocks where a $3 move is truly significant.
   • Rationale:
     • The user asked for “stocks that spiked above $3 today.” A $3 move on very low‑priced stocks (e.g., from $1 to $4) is a huge percentage move but often occurs in illiquid, highly speculative names.
     • By setting a minimum price of $10, we ensure that:
       • A $3 spike represents a meaningful absolute and percentage move (≥30% at $10, and still large at higher prices).
       • We filter out penny stocks and very low‑priced names that can have extreme noise and manipulation.

2. Volume ≥ 1,000,000 shares (today)

   • Purpose: Ensure that the “spike” happened in liquid, actively traded stocks rather than thin, easily manipulated ones.
   • Rationale:
     • A spike on low volume can be misleading (one or two trades can move the price).
     • Requiring at least 1M shares traded today focuses on:
       • Stocks with broad participation from market participants.
       • Moves that are more likely to reflect real buying interest rather than random prints or illiquidity.
     • This aligns with the user’s intent to find meaningful spikes, not just technical anomalies.

3. Price Change % (today) ≥ +8%

   • Purpose: Capture stocks that made a strong upward move (“spiked”) today.
   • Rationale:
     • The user expressed the spike in dollar terms ($3), but the screener works more robustly with percentage moves, because what qualifies as a “spike” is relative to stock price.
     • For stocks priced ≥ $10, an 8%+ move is a significant surge:
       • At $10, 8% is $0.80; at $40, 8% is $3.20; at $50, 8% is $4.00, etc.
       • So this filter approximates the idea of a “big intraday jump” across different price levels.
     • Using ≥ 8% helps systematically identify names that behaved like “spikes” today, instead of manually applying a flat $3 filter which can be too strict for some prices and too loose for others.

Why Results Match:

• The combination of filters aims to approximate your request for “stocks that spiked above $3 today” by:
  • Focusing on non-penny stocks (Price ≥ $10), where a $3 move is indeed notable.
  • Ensuring the move occurred in actively traded, liquid names (Volume ≥ 1,000,000), making the spike more credible.
  • Capturing strong upside moves that behave like meaningful “spikes” (Price Change % ≥ 8%), which, at many typical price levels above $10, correspond to multi‑dollar intraday gains.

In short, these filters together try to find liquid, reasonably priced stocks that had a large, significant up-move today, closely matching your intent of “stocks that spiked above $3 today,” expressed in a more robust, percentage-based way.