Turnover, Ten-Day Average, and Limit-Up Momentum Stock Screen

Summary

This document describes a Chinese stock screen that looks for turnover between 3% and 12%, an opening price within 5% of the ten-day moving average, and non-ST status. It then seeks the first five stocks with a limit-up move, framing the signal as a way to identify active, strong stocks. The supplied formula also checks a sequence of recent cumulative price gains, apparently to encode several limit-up moves, although the relationship between those checks and the stated same-day selection is not clearly explained.

The document warns that buying stocks after sharp gains can mean paying inflated prices, and that excluding ST stocks narrows the candidate universe. It recommends considering financial health, valuation, and the number of consecutive limit-up sessions. No performance evidence or backtest results are included, so the proposed combination remains an unvalidated screening idea rather than a demonstrated strategy.

Key ideas

• The screen combines a turnover band, an opening price near the ten-day average, and non-ST status.
• It seeks five stocks showing a limit-up move, using recent price gains in the formula.
• The author identifies chasing sharply rising stocks as a risk and notes that excluding ST stocks narrows the universe.
• The document provides no backtest results, and the formula’s timing and limit-up logic are not fully clear.

Tags

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