A-Share Screen Using Turnover and a Two-Day Price High

Summary

This screen looks for stocks listed in 2021 whose turnover is between 3% and 12% and whose current closing price is the highest across the last two days. It combines a bounded activity filter with a very short-term price-strength condition. The article presents this as a way to focus on shares with favorable recent money flow and an upward price move, and includes a technical formula reference. It does not show a backtest, candidate examples, return figures, or any other evidence that the combination produces an advantage.

The author warns that emphasizing a two-day move can obscure longer-term trends and company quality. Suggested improvements include reviewing financial statements and market position, and researching price-trend measures more deeply. The criteria also depend on clear definitions of listing date, turnover, and whether the comparison uses highs or closing prices: the prose specifies a closing-price high, while the formula reference compares recent highs. That inconsistency makes the implementation ambiguous and should be resolved before evaluation.

Key ideas

• The screen selects 2021 listings with turnover between 3% and 12% and a current price at a two-day high.
• The method pairs a trading-activity range with a short-term price-strength signal.
• The article gives no performance evidence and cautions that the rules overlook fundamentals and longer-term trends.
• Its prose and formula reference differ on whether the two-day comparison concerns closing prices or highs.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.