Growth Filter: EPS & Sales > 25% YoY
I share the results of this weekly scan on every end of the week session (Saturday/Sunday) because my primary focus each week starts with this names. Let me dissect down why we should keep an eye on these leaders for opportunities in both swing and positional trading:
1. Strongest Stocks In Growth Rate: These stocks have latest quarterly sales and EPS growth exceeding 25% year-over-year.
2. Technical Filter: Only a 50-day MA filter is applied. If the fundamental strength leads to tradable price action, let the stock set up naturally. I also imposed a volatility 1M 3% filter for 2 reason, 1) to remove stocks that already with announced merger & acquisitions eg. $SWAV $NVEI will appear, 2) clear linearity for tradable price action
3. Industry Group Sorting: Purpose is to identify any dominant industry groups based on the latest quarterly earnings. It also allows to streamline your focus any particular RS groups, as dominant trends often move in groups of stock.
4. Watchlist Management: This group of stocks will remain on a separate watchlist until their price action falls below the 50-day moving average, or their next announced quarterly earnings/sales fail to maintain the growth rate.
5. I need to emphasis this is not an actionable scan. If you go through the list and is someone that likes to enter on pullback-base reset; only $OUST $TGTX $TDW $MMYT have price action resetting itself. Having said that, some of the extended names have already appear in this weekly scan every week since as early as weeks or even months ago, so just remain diligent and monitor the result every week.
$Ouster Inc.(OUST)$ $First Solar(FSLR)$ $Grupo Financiero Galicia SA(GGAL)$ $Hannon Armstrong Sustainable Infrastructure Capital(HASI)$ $TG Therapeutics(TGTX)$ $Guardant Health Inc.(GH)$ $Tidewater(TDW)$ $MakeMyTrip(MMYT)$ $Credo Technology Group Holding Ltd(CRDO)$ $Aspen Aerogels(ASPN)$ $NEXTracker Inc(NXT)$ $Enovix Corporation(ENVX)$ $Rush Street Interactive, Inc.(RSI)$ $BridgeBio Pharma, Inc.(BBIO)$
PS: Personally the adjustable filter in my settings I would adjust are; Float, Average Vol merely to constraint the result to within 20 names. If you reduce the Price above lowest low 52w of 70%, you get laggards in your result eg. $Shift4 Payments, Inc.(FOUR)$ which may not be optimal to focus as a strongest name within the group.
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