Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I use this formula to scan for Weinsten-like bases. It returns a lot of charts, though, so I'd be interested to read suggestions on how one might narrow the field a little. Here's the formula:

C >= (AVGC150 * .9) AND C <= (AVGC150 * 1.1)

This formula will find all stocks within 10% of the 150-day moving average. I know that Weinstein's methodology is not just about that particular moving average, but I figured it was as good a place to start as any in a search for stocks moving from "stage one" into "stage two." When using the formula for a scan, I further narrow the search by setting minimum price and volume requirements.

Does anyone else who is familiar with Weinstein have any ideas for narrowing the search? Any other criteria that you feel should be added?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.