Wednesday, August 2nd, 2006
15 CANSLIM stocks to watch
Last week Global Growth Investor looked at how to modify William O’Neil’s CANSLIM system to create an easy-to-use stock screen. We’ve now screened the US market and come up with 15 candidates that meet the criteria we outlined.
It must be noted that finding candidates in this market is difficult and the 15 below were the best of a bad bunch. The message is clear: tread with caution. In choppy markets like this CANSLIM stocks tend to fare poorly. Readers will also note that our basic market-timing system outlined in our modified CANSLIM system hasn’t been met.
The candidates below largely stood out because they still had tight price action, whereas most stocks the screen threw up were in wide and sloppy bases. That said, few of the 15 were forming bases. So they’re suitable for a CANSLIM watchlist and should be monitored closely.
Here are the 15 stocks:
1. Ocwen Financial Corp (OCN)
2. Winthrop Realty Trust (FUR)
3. Mercer Insurance Group (MIGP)
4. FLAG Financial Corp (FLAG)
5. Falconbridge (FAL)
6. City Bank (CTBK)
7. Texas United Bancshares (TXUI)
8. Crosstex Energy (XTXI)
9. McDermott Intl (MDR)
10. HMS Holdings (HMSY)
11. Firstbank NW Corp (FBNW)
12. Banner Corp (BANR)
13. Lincoln Electric Holdings (LECO)
14. Renasant Corp (RNST)
15. Metretek (MEK)
Word Count: 186. This entry was posted on Wednesday, August 2nd, 2006 at 8:58 pm and is filed under Breakout trading, Growth stock screens. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
