Steckler's Star Studded Stock Picks

[DSteckler]

Hi Photon,

I'm in St. Louis, MO. I get stock quotes and charting using TradeStation, stock selection filtering using High Growth Stock software, and fundamental data and news from a variety of web sources. I also IM and EM with a number of portfolio managers and research analysts over the course of the day.

[DSteckler]

Netl

A buddy told me about this one. Nice, tight consolidation zone for the past month and the chart has made a rising right triangle. ERG is a very respectable 249 and %A/D (a measure of accumulation/distribution) is a strong 51.9%.

The %A/D measures the strength of money flow in/out of a security or index. It's a proprietary formula that measures changes in price and volume over several time periods to arrive at a score for the particular security or index. A score of 100% means the security is under heavy accumulation. Likewise, a score of -100% means the security is under heavy distribution.

ROE is a very respectable 20.69% and institutional ownership is 58.5% of the float.

[DSteckler]

Atml

Back above it's 20-day EMA and moving through the resistance line of a falling flag. Could be setting up for a test of the Dec. high.

[DSteckler]

Iiin

Another one I heard about from a buddy this morning. Steel is hot and IIIN has been in a very tight consolidation zone for months. Small float (just over 7 million shares), ROE is a strong 28.83% and the level of institutional ownership is only 36%.

IIIN made a stochastic pop today. For those unfamiliar with this indicator, it arises when the stochastic indicator goes above the 70 to 80 level. Instead of reversing, however, the stock tends to pop and momentum continues to rise.

Setup Conditions

I identify a Stochastic Pop setup when the following set of conditions occur:

1) Recent price action in a tight daily consolidation range;
2) Daily ADX below 20 (preferably below 15);
3) Daily stochastic %K above 70 (preferably above 80) and rising;
4) Weekly stochastic %K above 50 and rising;
5) Stock breakout on above average volume; and
6) Bullish market conditions.

The Stochastic Pop is not a new technical indicator or technique. Jake Bernstein wrote about this phenomenon years ago. The setup conditions I added are refinements that increase the odds of success by requiring confirming signals from both the daily average directional index (ADX) and weekly stochastic signals. Keep in mind, of course, that the past performance of this strategy is not an indication of future success.

[DSteckler]

Re: MAPS

Followup from yesterday. Back through the 50DMA and 20-day EMA on average volume. A volatile sucker but let's see how it closes.

[The Photon]

I may have to go the the library this afternoon this is getting heavy!

[DSteckler]

Mesa

Bullish engulfing bar (so far) today but a V-botttom reversal on 12/13, which scares me. At least it's back through the 50DMA.

[DSteckler]

Pd

Nice breakout from a 4-week consolidation zone. Note how the 20-day EMA served as support on recent tests (11/8 - 11/9 and 12/14 - 12/15). Crossovers through this EMA are a great early-warning sign that a short-term trend change is in progress. Concommitantly, this EMA usually holds as support/resistance when tested, if the trend is strong.

ERG is a tasty 261. The %A/D is a strong 55.6%.

The %OScore (Optics Score) is solid at 45%. This metric scores a security by analyzing the current and historical EPS and Revenue of the security for consistent, continuous, consecutive improvements in EPS and Revenue over a period of 8 quarters.

Four individual component scores are computed:

Consecutive Quarterly Improvement to EPS,

Consecutive Quarterly Improvement to Revenue,

Consecutive Yearly Improvement for EPS, and

Consecutive Yearly Improvement for Revenue.

"Yearly" is computed by using current quarter to the same quarter one year ago

The four component scores are summed for each security. The score is turned into a percentage between 0% (very weak) and 0% (very strong).

[Websman]

I can tell already that you're thread is going to be very popular. Good stuff!

Thanks!

[Runner]

Stec, welcome to the forum looking forward to reading your thread!!!

[DSteckler]

Re: NETL

A buddy told me about this one. Nice, tight consolidation zone for the past month and the chart has made a rising right triangle. ERG is a very respectable 249 and %A/D (a measure of accumulation/distribution) is a strong 51.9%.

The %A/D measures the strength of money flow in/out of a security or index. It's a proprietary formula that measures changes in price and volume over several time periods to arrive at a score for the particular security or index. A score of 100% means the security is under heavy accumulation. Likewise, a score of -100% means the security is under heavy distribution.

ROE is a very respectable 20.69% and institutional ownership is 58.5% of the float.

Closed above the consolidation zone on rising volume, better than the 50-day ADV (average daily volume) for the first time in weeks. Decreasing volume in a consolidation zone is usually bullish.

Note also how NETL been bouncing off its 20-day EMA support line for several weeks now. This EMA is a real "canary in the coal mine," folks - when it holds support for a period of time despite multiple tests, the odds that the stock will be moving higher are pretty good.

[IIC]

Beautiful breakout this morning. DMI crossover went bullish yesterday and Volume Flow Indicator has turned higher, albeit still below the zero line.

Of course it Broke Out...Because I sold it a couple of weeks ago...but no complaints I made a buck in less than a week.

BTW...Just remember..."If you wanna get rich...Just buy what IIC sells"

Heck...I sold RELV a couple of weeks ago in the 10's after holding it a year and a half...closed at 13.99 today...IIC

[DSteckler]

Float < 7 million shares, ERG > 250

A couple of new additions to the list that look good.

PTC (closed back above its 50DMA yesterday)
ADAM (big move yesterday)

[DSteckler]

Atml

Cleanly through the resistance line of the descending trend channel. The channel is about 35 cents deep and the pivot price was about 3.25, so the target objective is around 3.60.

[DSteckler]

Caas

China stocks are hot and CAAS is starting to break out of a coil pattern. Clearing the 20-day EMA will be confirmation.