Stock Scans Criteria and Purpose

These are some criteria to be used when scanning for certain type of stock plays.

52 Weeks High – For Swing Trade

Previous Day Volume 1 million
Price above $1
Last price Less than equal 52 week high by 2% or less – this means price hovering just low of the 52 week high as it is on everyones radar.
Turn on news column on stocks to trade and see how many news items it has. The more the better.

VWAP Hold Scan – For Day Trade

This is a momentum stock scan.
A day trade scan for the most part.
$1 – 20
+ 1 Million Volume
Up more than 10%
After 10am Eastern Time or mostly afternoon scans for secondary leg
Its for stocks that spike, have a pull back and spike again which is usually in the afternoon
Above or below VWAP by 2%
Still make sure it has a catalyst
Note: Morning is choppy try to avoid it

Volume Boost Scan – For both day and swing trade

5 Day gainer scan – For short bias trade

Stocks that have been up 5 (green) consecutive days in a day
Maybe tweak for lesser days
Be on the look out for the first red day, then short the first red day and use the previous high as stop

Pre-Market Scan – For seeing what is happening in pre-market

Up 10%
Volume > 50,000
> $1
Some higher priced stocks when running, some lower priced stocks run as well like they were correlated

After Hours Gainer Scan

High Priced Gainer Scan – For mainly earnings scans

Low Float News Scan – Run all the time, daily

Red to Green Scan

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