Tuesday, October 20, 2009

A short covering stock screener $FSLR $SYNA

My starting point screener for stocks to buy
  • Looking for stocks *just below* their 20-day SMA.
  • High (>20%) float short
  • Average volume over 100K
  • Change from open: up [eliminates a few of the stocks that are just breaking below the 20-day]
I noticed that BWLD [which didn't necessarily fit this criteria until a few days after purchase] broke hard to the upside with volume when the 20-day SMA was crossed. I also noticed that the short interest would take more than 10 days to cover.

My first purchase using the screener as a selection tool was FSLR @ 151.90. I'm also watching SYNA as a possible buy.

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