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Investing/Strategies / CANSLIM Investing
|Subject: Re: CANSLIM track records?||Date: 7/15/2011 6:16 PM|
|Author: 11x||Number: 23003 of 23040|
I recently subscribed to eIBD and think it's great for finding high growth/relative strength stocks.
I'm keeping close tabs to stocks near their 50 DMA or their 10 week moving average.
I like Thursday and Friday's edition. Thursday is the Top 200 Composite and Friday has the 85/85 stocks.
Before today, I've been watching a few stocks that were falling back to their 10 week moving average.
I noticed a few things today.
INFA: stock fell below it's 50 DMA today on very high volume. The stock also undercut the 50 DMA mid June and also had very high volume but headed back up.
TIBX: stock fell below it's 50 DMA today on very high volume. I notice the stock also fell below it's 50 DMA on June 1 on very high volume and continued downward.
HSTM: slowly drifting back to 50 DMA.
SLH: slowly drifting back to 50 DMA.
GIB: drifting back to 50 DMA after a breakout earlier this month.
MEDH: this stock found support at 50 DMA twice now since going public but is a bit above it now.
These are the stocks I'm watching in IBD, along with HS and a few of the healthcare stocks that are in the top of the IBD 50 right now.
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