RE: UK Stocks and ETFs - Watchlist and Discussion
I typically screen for momentum and a few fundamentals, examples below (X, Y & Z are variables):
Volume X Days/Volume Y Days > Z%
Avg Volume > X% Shares Outstanding
Absolute Price Change X Days > Y%
Price vs Moving Average X Days > Y%
Relative Strength X Sector > Y%
Bid Ask Spread < X BPS
Price/Pre-Tax Earnings <20
Net Debt < Operating Profit times X
Don't spend too much time on this, any help gratefully received.
Also, does anyone here use this screener? https://screener.nextbigtrade.com/#/sectors/FTSE If so, do we know what filters are used to create it and how reliable it is?
Ian