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The following is the description of one of the Momentum Screens from
Multexinvestor.com. It contains no fundamental criteria. It comes up
w/some very nice looking stocks.
Would it be possible to translate this into MS language to make it
an Exploration? And if so, any chance one of you MS whizzes would
take a crack at it?
_____________________________________________________________________
Price Momentum
SUMMARY
This screen searches for stocks that are on the move. The current
price must be equal to at least eighty percent of the fifty-two week
high, and the stocks must have demonstrated patterns of gradual
price acceleration over the past year.
DETAILS
This screen selects stocks that are exhibiting strong share price
trends. It doesn't contain any variables relating to company
fundamentals (i.e. trends in sales and profits). Nevertheless, it's
highly unlikely that any stock could meet all of the tests presented
here unless the investment community as a whole has broadly
favorable expectations about the company's fundamental business
prospects.
1) {Price}>.8*{PriceH}
Line 1 starts with a simple test that quickly weeds out deeply
depressed equities by requiring that the shares now be priced no
lower than 20% below their 52-week highs. Shares that are far below
their recent peaks can, for brief periods of time, show strong
percentage price gains. But all too often, that sort of strength
reflects the poor base upon which comparisons are calculated, as
opposed to bona fide fundamental bullishness.
2) {Pr4W%Chg}>{Pr52W%Chg}.AND.{Pr4W%Chg}>0
Line 2 points us toward stocks that have recently caught Wall
Street's eye in a very favorable way. We want issues whose prices
have risen in the past four weeks and have risen more in those four
weeks than they did in all of the past fifty two weeks.
3) {Pr13W%Chg}>{Pr26W%Chg}.AND.{Pr13W%Chg}>0
Line 3, by seeking stocks that have appreciated in the past thirteen
weeks and done so to a greater extent than they had over the prior
twenty six weeks, is similar to Line 2 except that the latter
defines a less pronounced share price acceleration. The benefit to
line 3 is its ability to demonstrate that the short-term price spike
we found in Line 2 is not an aberration but a continuation of a
longer, albeit less pronounced, trend of share price acceleration.
4) {Pr26W%Chg}>{Pr52W%Chg}
Line 4, which requires that the stock have appreciated more in the
past twenty-six weeks than it did in the past fifty two weeks,
represents an extension of the concept presented in Line 3. Lines 4,
3 and 2 represent progressively increasing degrees of share price
acceleration.
5) {Price}>5
Line 5 weeds out lower tier stocks. It eliminates issues that trade
at or below $5 per share.
6) {Vol10DAvg}>.04
Line 6, which requires that average daily trading volume over the
past ten days be greater than 40,000 (.04 million) assures that the
accelerating price trend is accompanied by at least a respectable
level of volume. This enhances the probability that the improving
price trend represents a bona fide assessment of company
fundamentals on the part of a reasonably-sized segment of the
investment community.
_____________________________________________________________________
Thanks for any help here,
Harold
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