"Hottest Stock" Screen for Momentum Traders
I've just build a quick screen called "Hottest Stock" for individuals seeking stocks akin to $POET Technologies Inc(POET)$ chart.
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This scan sifts through stocks that have exhibited significant momentum over the past month of trading, while also consolidating within a defined range over the past week. Parameters can be further loosen or tighten to your liking (eg. market cap, share float, avg volume).
I need to highlight that the initial substantial movement is prioritized in this screening process. A first huge move has to be made. Some other similar names worth mentioning $Trump Media & Technology(DJT)$ $Indonesia Energy Corp Ltd.(INDO)$ $B. Riley(RILY)$ $TransMedics Group, Inc.(TMDX)$ $GeneDx Holdings(WGS)$ $Zura Bio(ZURA)$ $CLIMB BIO INC(CLYM)$
To catch the initial surge of POET, you'll require either a pre-market gap-up screener for April 22nd or a post-gap-up continuation base screener for April 23rd. Your approach to capturing stocks like this hinges entirely on your trading strategy and lifestyle preferences. No right or wrong, as long as it is sustainable on the long run for yourself.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
