Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Stock Markets Failing to Give Another AI Mega-trend Buying Opportunity - 6th Jun 20
Is the Stock Bulls' Cup Half-Full or Half-Empty? - 6th Jun 20
Is America Headed for a Post-Apocalyptic Currency Collapse? - 6th Jun 20
Potential Highs and Lows For Gold In 2020 - 5th Jun 20
Tying Gold Miners and USD Signals for What Comes Next - 5th Jun 20
Rigged Markets - Central Bank Hypnosis - 5th Jun 20
Gold’s role in the Greater Depression of 2020 - 5th Jun 20
UK Coronavirus Catastrophe Trend Analysis Video - 5th Jun 20
Why Land Rover Discovery Sport SAT NAV is Crap, Use Google Maps Instead - 5th Jun 20
Stock Market Election Year Cycles – What to Expect? - 4th Jun 20
Why Solar Stocks Are Rallying Against All Odds - 4th Jun 20
East Asia Will Be a Post-Pandemic Success - 4th Jun 20
Comparing Bitcoin to Other Market Sectors – Risk vs. Value - 4th Jun 20
Covid, Debt and Precious Metals - 3rd Jun 20
Gold-Silver Ratio And Correlation - 3rd Jun 20
The Corona Riots Begin, US Covid-19 Catastrophe Trend Analysis - 3rd Jun 20 -
Stock Market Short-term Top? - 3rd Jun 20
Deflation: Why the "Japanification" of the U.S. Looms Large - 3rd Jun 20
US Stock Market Sets Up Technical Patterns – Pay Attention - 3rd Jun 20
UK Corona Catastrophe Trend Analysis - 2nd Jun 20
US Real Estate Stats Show Big Wave Of Refinancing Is Coming - 2nd Jun 20
Let’s Make Sure This Crisis Doesn’t Go to Waste - 2nd Jun 20
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse - 2nd Jun 20
The importance of effective website design in a business marketing strategy - 2nd Jun 20
AI Mega-trend Tech Stocks Buying Levels Q2 2020 - 1st Jun 20
M2 Velocity Collapses – Could A Bottom In Capital Velocity Be Setting Up? - 1st Jun 20
The Inflation–Deflation Conundrum - 1st Jun 20
AMD 3900XT, 3800XT, 3600XT Refresh Means Zen 3 4000 AMD CPU's Delayed for 5nm Until 2021? - 1st Jun 20
Why Multi-Asset Brokers Like are the Future of Trading - 1st Jun 20
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? - 30th May
Is Stock Market Setting Up for a Blow-Off Top? - 29th May 20
Strong Signs In The Mobile Gaming Market - 29th May 20
Last Clap for NHS and Carers, Sheffield UK - 29th May 20

Market Oracle FREE Newsletter


Rising ETFs and Stocks > 200-day Av

Companies / Investing 2009 Apr 20, 2009 - 07:45 AM GMT

By: Richard_Shaw

Companies Best Financial Markets Analysis ArticleIn prior ETF and stock screens, we did computerized quantitative filtering of the 183 largest ETFs and the 8000+ largest US listed stocks to find those with attractive price patterns using the close, the 20-day average and the 50-day average.  Now that so many stocks have passed their 200-day average, we have added one more criterion (close > 200-day average) to the original criteria that searched for short-term upward slant to price patterns.

Here are the first level criteria we used previously, but with the 200-day element added:

First Level UP Filter (8 of 183 ETFs pass):

  • Close > 20-day SMA
  • 20-day SMA > 50-day SMA
  • 20-day SMA > 20-day SMA 5 days ago
  • 20-day SMA  5 days ago > 20-day SMA 10 days ago
  • 20-day SMA 10 days ago > 20-day SMA 15 days ago
  • 50-day SMA > 50-day SMA 5 days ago
  • 50-day SMA 5 days ago > 50-day SMA 10 days ago
  • 50-day SMA 10 days ago > 50-day SMA 15 days ago
  • Close > 200-day SMA

These ETFs passed:


Here are the additional criteria for the second level more stringent test for short-term upward price pattern. We used these with the First Level criteria above, which include the 200-day element.

Second Level UP Filter Additional Criteria (3 of 183 ETFs pass):

  • Close > 5-day SMA
  • 5-day SMA > 20-day SMA
  • 5-day SMA 5 days ago > 20-day SMA 5 days ago
  • 20-day SMA 5 days ago > 50-day SMA 5 days ago
  • 20-day SMA 10 days ago > 50-day SMA 10 days ago

These ETFs passed:


For individual stocks, there are some 600+ out of 8,000+ that pass the First Level filter, and 438 that pass the Second Level filter.  Here are some of those 438 taken from the top of the list ordered by daily trading volume:


You need to look at more than price direction to make a buy, but finding otherwise attractive opportunities among stocks that are rising is a pretty good idea.

Unless you are a trader or someone who invests purely on chart information, you should use a fusion of approaches to find opportunities that meet these five tests:

  1. an appealing story
  2. solid financials
  3. attractive valuation
  4. a rising price pattern
  5. an absence of major obvious risk factors.

If you are income oriented, you should also have a dividend criteria (yield, payout ratio, and dividend growth).

By Richard Shaw

Richard Shaw leads the QVM team as President of QVM Group. Richard has extensive investment industry experience including serving on the board of directors of two large investment management companies, including Aberdeen Asset Management (listed London Stock Exchange) and as a charter investor and director of Lending Tree ( download short professional profile ). He provides portfolio design and management services to individual and corporate clients. He also edits the QVM investment blog. His writings are generally republished by SeekingAlpha and Reuters and are linked to sites such as Kiplinger and Yahoo Finance and other sites. He is a 1970 graduate of Dartmouth College.

Copyright 2006-2009 by QVM Group LLC All rights reserved.

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Do your own due diligence.

Richard Shaw Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules