The HD Screen
A Screening Method Suggested
by Harry Dettinger
Here's a method one of our members uses to quickly
find promising candidates:
1) Sort the IBD 100
Look for stocks 15-30% off their 52 week highs. Excel, with it's
filtering ability, comes in handy here.
2) Go to the NASDAQ Guru Screener
Enter your results from step one in the NASDAQ's Guru
Analysis page. (you'll need to sign up for MSFT's Passport.net, but it's
free!) Click the GO button and you'll be taken to a page that rates your
picks against eight different strategies. The one you're most
interested in right now is the Validea Momentum Strategy. It's modeled on
IBD criteria. Look for a rating of at least 90%. Use the down
arrow next to the ticker symbol to test your other picks.
3) Apply the usual CANSLIM buying and selling rules to
your results
Don't skimp on the fundamentals. If you haven't got a subscription
to IBD, or even if you do, CNBC's Moneycentral on MSN
is a great resource.
Good hunting!
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