Scanner

use a scanner every morning you program to find Stocks in Play based on the following criteria:

  • Stocks that in the pre-market gapped up or down at least 2%
  • Stocks that have traded at least 50,000 shares in the pre-market
  • Stocks that have an average daily volume of over 500,000 shares
  • Stocks that have Average True Range of at least 50 cents (how large of a range a stock has on average every day)
  • There is a fundamental catalyst for the stock
  • As a rule, I do not trade stocks with an enormous short interest higher than 30% (the short interest is the quantity of stock shares that investors or traders have sold short but not yet covered or closed out)

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