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The Green Sifter

Here's a quick stock screener I created that may help find some relative strength names.

It's not a buy list, it's a "consideration" list.

Criteria:

1. Up on day

2. Average Volume >300k

3. Optionable

I sorted the list by industry to get a feel for what sectors are doing well in today's correction.

Many of these stocks are broken and are only seeing some short covering. However, there are some possible gems.

See the screener on Finviz.

Here are some names that stick out:

$PAY

Nice daily move, earnings breakout on volume.

$WBSN

Potential multimonth base forming, filling its earnings gap. Probably needs more time but will set alert at 19.20.

Defensive name, pays a good dividend-- above 45 would get me interested.

$MCD

Coming to apex of triangle, a bullish vol setup would work out nicely.

 

Image Courtesy of Judy Baxter

by Steven Place

Steven Place is the founder and head trader at investingwithoptions.com/