Reader TK asks: what is the 100 top stocks list for ? I mean i know what it means but how is one supposed to use that information ? Since they are 100 best stocks i am sure they are not at good entry points. They are broken out and somewhere hanging in the air.
The Top 100 Growth Stock list is a mechanically generated set of stocks that meet strict fundamental guidelines and have strong relative price strength. This list is similar to other top 100 growth stock lists found on investment websites, magazines, and daily business papers. The stocks meet fundamental and technical criteria and it is up to the viewer of the list to determine which (if any) stocks are right for their specific situation.
I use the list all the time and usually can find at least a couple stocks that are in position to watch. I may watch a stock for weeks or months before it sets up in a position to buy with a low risk to reward. Occasionally, I get lucky and find a stock or two that are set up perfectly and I do not need to watch and wait.
I’ve added a sub-list of stocks on the right sidebar which contains stocks from the Top 100 list which are near the 50 day moving average. This filters out those stocks that have already run too far to consider. But there are some momentum traders who prefer those extended stocks and will wait for the first three day pullback to buy for short term trades. There are infinite ways to trade and this blog does not provide specific trading advice. My intent is to provide information so that traders can make their own decisions.
Tags: About · Growth Stocks2 Comments
2 responses so far ↓
Andy,can you post the ones you weed out,there might be a good put play in those,i like the short term plays for trading vs’s investing,thanks ,mike
Mike - The “100 Top Growth Stocks” list contains all the filtered out stocks. Another you may want to watch is the “MoMo Stocks” list as that list contains low float stocks that trade a lot of volume and have a high ADX.