Stocks and Ranges

[richtrader]

Someone posted a message about finding stocks to daytrade and it made me think a bit.

IMO, the best stocks are those which have a good sized daily trading range, are priced somewhat reasonably, and have a relatively high volume for ease of entry and exit.

So I did a query to find stocks from the NASDAQ, NYSE, and AMEX which have had an average daily range greater than $1, average volume > 500,000, and average price < $80 since September 1.

There are only 428 of them out of 7300+ stocks screened and the excel spreadsheet is attached, ordered by average daily range. Perhaps it will give people new ideas for picking stocks.

-- Rich

 

[daniel_m]

Originally posted by richtrader

IMO, the best stocks are those which have a good sized daily trading range, are priced somewhat reasonably, and have a relatively high volume for ease of entry and exit.

holy shit, what a revolutionary concept ...



only jokin' with ya rich. nice work, that's quite a handly list. sure many here will appreciate it.

 

[MainFramer]

I was going to do just that very thing during witching tomorrow.
Thank you for saving me some time.

 

[Free Thinker]

channelingstocks.com. buy low sell high over and over.lol
cnbc must really be hard up for advertisers.

 

[bungrider]

Originally posted by vhehn
channelingstocks.com. buy low sell high over and over.lol
cnbc must really be hard up for advertisers.

yeah, i was really bummed to see that someone else had apparently learned my secret method for profits in the equities market. LOL

 

[richtrader]

good idea! next time i'll charge $10 for each spreadsheet view and only post the top 25 to make it seem more scientific.

that site looks quite hokey, not to mention that a bunch of the images show up as red x's from being broken.

 

[DougS]

Filters applied: Nasdaq stocks, price > $20, top 20 in volume and daily range as a % of price gives this short list:

Symbol Avg Daily Range Avg Volume Avg Closing Price %
KLAC 1.75383871 16751322 29.41741935 5.96%
QLGC 1.798677419 15480051 28.05509677 6.41%
MXIM 1.679548387 10341138 25.76354839 6.52%
NVLS 1.457483871 9317022 22.47064516 6.49%
LLTC 1.494935484 9559032 22.01054839 6.79%
GENZ 1.421290323 4203980 21.12064516 6.73%
MERQ 1.329967742 4388070 20.72306452 6.42%

Doug