Screening Filters
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.
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.
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.
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.