Screening Stocks by Daily Range, Two-Day High, and Ten-Day Return

Summary

This stock screen selects shares with a daily range above 1%, a high equal to the highest high over two days, and a ten-day return above 0% but below 35%. The document interprets these conditions as seeking active, recently strong stocks while limiting the size of their short-term advance. It gives formula references for calculating range, the two-day high, and the ten-day return.

The text cautions that the screen relies on short-term price behavior and does not assess company performance or valuation. It suggests adding fundamental, valuation, and persistence criteria, but does not define or test those additions. No historical performance evidence is supplied, and the example code leaves further filters unspecified, so the rules should be treated as a preliminary selection template rather than a validated strategy.

Key ideas

• The screen requires daily amplitude above 1%, a two-day highest high, and a positive ten-day return below 35%.
• Its rules emphasize volatility and recent price strength while capping the recent gain.
• The document warns that short-term technical conditions omit long-term business quality and valuation.
• It proposes combining technical, fundamental, valuation, and persistence measures, without specifying how to implement or validate them.

Tags

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