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Screen for finding potential high volume momentum growth for the next day
Use this screen on any set of stock quotes. The idea is to find low priced stocks (price between 1 and 5) that experience a growth of volume and the volume is higher than the average volume for the last 50 days. The last criteria is that the close must be at least 3% higher than the yesterday's close. These criteria give the opportunity to find stocks that will go higher for at least 1 day more. Such an approach works for low priced stocks because momentum works best for stocks with low prices and small or micro caps (low priced stocks tend to have smaller market caps). Possible an updated version of the screen will include some fundamental criteria. Until then - enjoy!
