Screening Stocks with a Rising 30-Day Average and Convertible Bond Listings

Summary

This stock screen combines trading activity, a convertible-bond listing condition, and a short-term trend filter. It selects the top 100 stocks by trading volume over an unspecified period, requires the outstanding convertible bond name field to be non-empty, and keeps shares whose 30-day moving average is rising while the closing price is above that average. The final proposed logic adds a price-to-earnings ratio below 20 and a price-to-book ratio above 1.

The post interprets high volume as a possible sign of inflows and the moving-average condition as evidence of an upward trend. It suggests that valuation and industry filters could further shape the screen, while acknowledging that past direction does not predict future prices. The rationale for requiring a non-empty bond-name field is not established, and the text gives no precise volume lookback, rebalancing schedule, execution assumptions, or backtest. It therefore describes screening criteria rather than evidence of a profitable strategy; the liquidity implications of selecting high-volume stocks also depend on how volume and trading costs are measured.

Key ideas

• The screen ranks stocks by volume and selects the top 100 over an unspecified period.
• It requires a non-empty outstanding convertible-bond name field.
• It selects stocks with a rising 30-day moving average and a close above that average.
• The proposed final screen adds a price-to-earnings ceiling and a price-to-book floor.
• The post gives no backtest or execution details, and the bond-name filter is unexplained.

Tags

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