Screening for Active Stocks with a Prior-Day Leaderboard and Rising Average

Summary

This note describes a Chinese stock screen using turnover between 3% and 12%, appearance on the prior day's trading leaderboard, and a rising 30-day moving average. The author frames turnover and leaderboard inclusion as signs of active trading and market interest, with the moving-average slope adding a short-term trend condition. Formula and tabular-data examples illustrate how these filters might be combined.

The article provides no backtest, return figures, or evidence that leaderboard activity predicts continued gains. It identifies the short-term and narrow nature of the inputs as a limitation, alongside false breakouts and unusually high trading volume. Proposed refinements include adding indicators such as RSI or MACD, assessing market sentiment and sector themes, considering company fundamentals, and applying position and exit risk controls. The screen is therefore a candidate-selection method, not a complete trading system or a demonstrated source of returns.

Key ideas

• The screen combines a 3%–12% turnover range, prior-day leaderboard appearance, and a rising 30-day moving average.
• The conditions represent activity, market attention, and short-term trend, respectively.
• False breakouts and inflated volume can weaken the signal.
• The article suggests adding market, sector, and fundamental context plus risk controls.
• No backtest or return evidence is reported.

Tags

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