Today I am posting a list that shows the stocks that are making multiple screens based on my fundamental screens and scans (click the link to understand the criteria in more detail). I run these scans every night and make notes of stocks that are appearing on more than one screen (I have found that these are the strongest stocks in the market and have been using this method for almost eight years).
I do own several of the stocks listed below but I am always ready to jump into new opportunities when the risk/reward warrants the purchase. I keep my personal watch list up to date on a daily and weekly basis so I can make a move when the charts are screaming buy. I also watch my current holdings to look for red flags that help me determine if a stock needs to be sold (yes, I do have predetermined sell points once I reach a 25%+ profit but I do remain active when monitoring my portfolio).
Two of the most important screens that have helped me buy and sell since 2007 have been stocks with:
- Institutional Sponsorship Increasing
- Quality Stocks with a new IPO within the past two Years
Stocks making new highs and stocks within 15% of new highs haven’t been my bread-and-butter in 2008 nor have stocks trading along the 200-d moving average. I have explained in the past how I use my screens and scans and how I determine which ones are more relevant during specific markets environments.
Top Rated Stocks according to my Research
*Disclaimer – this is not a buy list!*
- SOL – 25.08, ReneSola Ltd. , the young stock has moved from $7.36 to a peak of $29.48 in two months with solid institutional accumulation along the way. Any drop with support in the $20 area is an excellent risk/ reward buy.
- POT – 199.07, Potash Corp. Saskatch Inc., is the superstar of all superstar stocks over the past two years. Shorter term plays can happen on pullbacks to the 50-d m.a.; longer term accumulation can take place at the 30-week moving average. I wrote about the sister stock IPI in April.
- MA – 308.65, Mastercard made another new all-time high this week as it reached $320 with consumers using the plastic as their home equity loans dry up. I still own the stocks and will continue to hold untila trend snaps.
- SD – 55.00, Sandridge Energy Inc., made another new all-time high this week and it continues to trend higher on increasing volume. A couple late day reversals to end the week sent up a red flag (minor at this point in time).
- GTLS – 41.89, Chart Industries Inc. is trading near new all-time high territory as the trend is higher. A move above $43 will trigger a triple top breakout on the point and figure chart (a positive sign if it comes on heavy volume and without a reversal).
- TITN – 24.30, Titan Machinery Inc. is still making new all-time highs but did run into some selling pressure near the $26 level. The trend is higher and I am holding until told otherwise by the charts.
- GFA – 44.68, Gafisa has been an enigma in my mind as I figured it would be much higher by now based on fundamental and technical feedback. But, we all know that’s not how the market works – it’s not rational in the way we think it should be. In any event, GFA remains a top rated stock on multiple screens I run every night.
- V – 86.36, Visa is closing in on a new all-time high after the recent dip from last week which did present an excellent buying opportunity or additional accumulation area. I am a holder and will look to add on opportunities such as last week as Visa remains the new MA in my portfolio eyes. Again, the market must tell me otherwise before I consider selling.
- HES – 122.81, Hess Corp. has been on a tear but is now extended from the major moving averages. Ideal accumulation areas along the present themselves on pullbacks to the 50-d m.a. and/ or 200-d m.a.
- LL – 15.88, Lumber Liquidators, the recent up-trending chart is nice to look at but I am skeptical about its market. It sells hardwood flooring and we all know the construction industry is taking a black eye in the media and sheep follow the media (their decisions are based on what they see and hear). Regardless, the stock showed up on multiple screens once again so I can’t ignore it because of my biases.
Other High Rated Stocks in my System:
- VISN – 18.88, VisionChina Media, Inc.
- GU – 13.88, Gushan Environmental Energy, Ltd.
- ARD – 50.07, Arena Resources, Inc.
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