Looking for a stock screener?
June 17, 2008
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John Forman - The Essentials of Trading author
This question came through from a stock trader.
I wonder if you can help me find a screener, I am looking to find Dow components above their 5 day ma.
Stock screeners can be found in all kinds of place. A lot of brokers these days have them freely available to their customers. Some are quite detailed and inclusive. There are also a number of free ones online. Three of the most popular are:
The CNBC site also has a screener. If you do a web search you’ll come up with a bunch of options - some familiar, some not.
There are also charting software packages which allow for very customized screening. In a recent article I mentioned Tradecision as one, and I use Metastock on a daily basis for my own work (personal and professional). I also use the one from Daily Graphs.
The bottom line with stock screeners is finding the one(s) which match your needs. Some are primarily fundamental. Some are primarily technical. The really good ones offer a combination.
Here are some other posts which might interest you:
Your link to the Google Financial is incorrect - it merged with the Yahoo! one.
I have used the stock screeners from http://www.iii.co.uk and http://www.advfn.com to great effect, though neither give me exactly what I want, I think they will both pull out things above a configuarable MA value.
I find that trading trends is the most profitable, so I like to pull out all ftse stocks that have reached new highs in the last week, but have had a retracement (of sufficient magniitude to make a profit and preferably back to either the 50, 100 or 200 MA). This has proved very difficult for the stock screeners that I have seen. Don’t know if anyone else has seen something that would do the business. Currently, I go through a couple of hours session over the weekend to choose trending stocks, then go through those stocks (approx 1/2 and hour a day) during each evening checking for suitable retracements and its is a bit laborious.
It would be so simple if there was a stock screener that produced a list of all stocks that had reached a high in the last n days and that had retraced x per cent since then…
Any ideas?
I use Investools, a pay subscription, but lots of ’stuff’ all in one place. Custom searches, industry group ranking, etc.
Thanks Andre. I’ve fixed it.
You can do a 5 day ma using excel. I find that calculating the weekly slope will give a scan for stocks trending up or down (for short sale)