Having examined the chart of each of the stocks returned on
tonight's market scan, this stock attracts
my attention by displaying characteristics signalling a potential entry into Stage II. I therefore added it
to my watchlist.
The market scan uses a
"Stockcharts" scan syntax I personally developed, in order to identify stocks
likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein. The
principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving
Average and whose usual daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume
levels displayed in the last 2 months.
