The Top 10 Strongest Stocks Trending above their 200 Day SMA
Sometimes simple stock scans can give superior candidates for trading or investing.
Let’s update our “Top Strong Stocks Most Extended above the Rising 200 day SMA” scan.
According to FinViz.com, here are the Top Ten Candidates for trading:
This is a simple stock scan that measures today’s price as a percentage of how high it is from the 200 day Simple Moving Average (SMA).
The scan intends to find strong uptrending stocks but sometimes low-priced names slip through the cracks, like Airgas (ARG) in today’s scan.
With the exception of Airgas, take a look at nine of these candidates on an easy-to-read grid:
Amazon.com (AMZN) tops the list, followed by Activision Blizzard (ATVI) and then Netflix.com (NFLX).
NVIDIA (NVDA) and Molson Coors (TAP) also appear high in the rankings.
The goal here is to use these as a watchlist of bullish trending candidates and then look to buy shares on pullbacks or retracements as the uptrends continue.
The purpose of the simple scan is to show you names that may not appear on other complex stock scans.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).
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