Screening Filters
Price: $5–$100
- Purpose: Focus on reasonably priced, tradable stocks that fit a small account size.
- Rationale: With $500, you need stocks where you can buy multiple shares and still manage risk (e.g., scale in/out, set stops).
- Min $5 avoids ultra-low-priced “penny stocks,” which are often illiquid and highly manipulated—riskier for a newer trader.
- Max $100 keeps the list to stocks where you can buy at least a few shares, so one position doesn’t consume all your capital.
Monthly Average Dollar Volume ≥ $1,000,000
- Purpose: Ensure good liquidity for short-term trading.
- Rationale: For short-term or day trading, you want stocks that trade enough dollar value each month so you can enter and exit quickly near the current price.
- High dollar volume reduces slippage (getting worse prices than you expect).
- It also generally means tighter bid–ask spreads, which matters a lot when you’re aiming for smaller, short-term moves.
Moving Average Relationship: PriceAboveMA20
- Purpose: Capture stocks in a short-term uptrend.
- Rationale: The 20-day moving average is a common short-term trend indicator.
- Requiring the price to be above the 20-day MA means you’re screening for stocks that are currently trending upward rather than drifting sideways or falling.
- This aligns with looking for short‑term profit opportunities that follow current momentum instead of fighting the trend.
1-Month Price Change ≥ +8%
- Purpose: Find stocks with strong recent momentum.
- Rationale: A positive price change of at least +8% over the last month indicates the stock has recently been in demand.
- Momentum traders often look for names that are already moving rather than waiting for something “dead” to wake up.
- For short-term trades, strong recent performance is a common way to filter for potential continuation moves (while understanding momentum can and does reverse).
Exchange Listing: XNYS (NYSE) and XNAS (Nasdaq)
- Purpose: Limit results to major U.S. exchanges.
- Rationale: NYSE and Nasdaq listings generally mean:
- Better regulation and reporting standards versus OTC/pink sheet names.
- More consistent liquidity and tighter spreads—important for short-term entries and exits.
- Easy tradability through a mainstream broker like Charles Schwab.
Index Component: S&P 500 (GSPC) or Nasdaq 100 (NDX)
- Purpose: Restrict to large, well‑followed, typically more stable companies.
- Rationale: S&P 500 and Nasdaq 100 components tend to:
- Have high institutional ownership and strong analyst coverage.
- React more cleanly to broad market trends and macro news.
- Be less prone to extreme manipulation than tiny speculative stocks.
For a newer trader, this is a way to focus on higher-quality names with strong liquidity, while still finding momentum opportunities.
Why These Results Match Your Request
If you’d like, the next step would be to take a few of the screened names and walk through how you might plan a specific short-term trade (entry, stop-loss, and target) using your $500 and risk tolerance.
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.