Screening Stocks for High Activity, Opening Gaps, and Two-Day Highs

Summary

This stock screen selects shares with an amplitude greater than one, current volume above ten thousand lots, an open above the previous close, and a high at or above the highs of the prior two days. The conditions aim to find active stocks showing upward price movement and a possible short-term breakout. The document includes a formula reference and a Python example for scanning listed stocks.

The note provides no backtest or return evidence and acknowledges that technical signals can be noisy or misleading. Its formula and Python example are not fully consistent: the code checks the open against the close, and the excerpt does not clearly implement every stated volume and amplitude condition. It suggests adding other technical or fundamental filters and testing different time windows, but supplies no validated optimization. The screen is best treated as a candidate-generation rule whose definitions and results need verification.

Key ideas

• The screen combines trading amplitude, current volume, an opening gap above the previous close, and a two-day high condition.
• These filters are intended to identify active stocks with short-term upward momentum.
• The document provides formula and Python examples, but the shown code does not clearly implement every stated condition consistently.
• No backtest results are supplied, and the note cautions that technical signals can be noisy.
• Additional indicators, fundamental inputs, and different observation windows are suggested for further evaluation.

Tags

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