This blog will discuss about stocks in uptrend . I will look for stocks that are already in uptrend and stocks that just began an uptrend. I usually consider stock to be in uptrend only when the stock price is above its 50day moving average anf 200day moving average.
Ground rules:
Below are some ideal conditions the stock has to meet to be a perfect candidate for discussion on this site.
Stock price has to be above 200day moving avg. and 50day moving avg.
P/E should be less than forward P/E
P/E should be less than indistry P/E
P/S should be less industry P/S
PEG ratio should be less than 1
Beta should be greater than 1.5
EPS growth should be above 10%
Sales growth should be above 10%
Institutions should be buying
Insiders must be buying
No bad news about the company
Industry should be in uptrend
No major resistance on the chart
Even if a stock market is not upbeat, the stock that fits all the above conditions should tend to offer great resistance from falling down, unless the stock market is set for a total crash.
Disclaimer: This blog is purely for education and entertainment only. This site doe not provide any investment advice. By following the rules on this site you agree that you are solely resposible for you investment outcome. Owner of site is not responsible for any loss incurred to the users of this site.
