The "Rocket"

Posted by Simon | Monday, December 31, 2007 | 0 comments »

As posted by Stock Monster, here's the concept for this screen:

This screen looks for severely oversold stocks and tries to catch the bounce for one day after some "panic" selling. The reason these stocks "pop" is because of panic selling for 2 days straight. Sort of like a "dead cat bounce" screen. I get the result every night around 6pm and will post it ASAP.

The rule is to buy the stock (market order) at the open and keep until the following day's open.


Here is the Stockfetcher filter:

show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb

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