Stocks Screen: 50 Day Moving Average Bounce Candidates

July 19, 2011 2:26 pm

We looked to find some potential bounce candidates that are nearing their 50 Day Moving Average.  Below are a list of the tickers, description and the criteria for screening:

All United States Exchanges
Average Daily Volume > 700,000
Price > $8.00
Price 3 Months Ago < Current Price (Establishes that stock is in an uptrend)
Price 2 Weeks Ago is > Current Price (Establishes that stock is in a short-term pull back)
50 Day MA < Price < 50 Day MA*1%+50 Day MA (This basically says that the price is between the 50 Day Moving average and 1% above the 50 Day Moving Average.

 Scroll down to see a chart of these stocks on this screen. Click to enlarge

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