The CAN SLIM Finviz Scan below is loosely based on the principles used by the stock picking system. This scan looks for stocks on the rise with good fundamentals.
First requirement is the price must be trading above the 20, 50 and 200 Simple Moving Averages. Earnings per share Quarter to Quarter must be up by 5%.
Stocks in an uptrend with Range, strong Sales Growth and increasing Institutional Ownership are likely to continue trending higher. Great scan for swing trading.
I ran this scan tonight and found the following results.
I then looked up the 8 stocks above on MarketSmith to see how they checked out. Below you’ll find the RS Rating for each stock. (Relative Strength)
AYI – RS 90
CHDN – RS 86
DPZ – RS 95
IPGP – RS 65
MKTX – RS 96
NVR – RS 90
RGLD – RS 81
WTM – RS 89
With the exception of MKTX, all of the other stocks found using this scan posted a very high RS Rating. RGLD is in the Mining-Gold industry. That sector is currently the #1 Industry Group according to MarketSmith.
If you’d like to learn more about the CAN SLIM system, I’d recommend starting with How to Make Money in Stocks by William O’Neil. He’s the person who invented the CAN SLIM system so who better to learn from?