Screening for stocks manually is a tedious task and chances are you will miss out many potential winners. Here are two ways that I use to search for stock ideas.
1. Technical Stock Screener
- I use the advanced technical stock screener on http://www.dojispace.com to screen for stocks. This is a technical stock screener that allows you to scan for multiple technical indicators at the same time. For example, you can easily find stocks with a bullish engulfing pattern + macd crossover + stochastic value cross above the oversold area. The stock screener allows you to use any combination of technical indicators and you will get the result in less than 30 seconds.
Here’s a screen shot of the result page. It shows a list of stocks that matched your searching criteria and you are able to sort the data by the symbol, open price, high, low, close, volume or % change. In addition, you can quickly look through each chart using the “Stock Charts Slideshow”. You can get a 2 week free trial at http://www.dojispace.com/Campaign.aspx for thanksgiving. The offer expires on 12/08/2010.
2. MarketClub Stock Screener
This is another stock screener that I use on a daily basis to get stock ideas. MarketClub uses a triangle technology to scan the stock market and rate each stock on a scale of -100 (very bearish) to +100 (very bullish). I usually just go get the stocks with a score of +100 and study each one.
I previously published an article on how to use the MarketClub screener. Click the link below to read it in detail.
Click here to visit the MarketClub site for more information
