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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