If you’re into short selling, the Kiss of Death scan is useful for finding stocks that may be over extended. The scan criteria looks for stocks that closed the day above the Upper Bollinger Band, but still lost money. Stocks that may be losing steam.
Daily runners, gap ups and other hot stocks generally end up on this scan. Every high flyers has to come down at some point. The purpose of this scan is to show stocks that are up big, its then your job to find out why.
Kiss of Death Scan
The Kiss of Death StockFetcher filter code is as followed.
stocks where close is above upper bollinger band(20) and close is below open and price is between .5 and 25 and volume is greater than 250000 and sort by volume
I have the price filter set to display stocks between $0.50 to $25.00. Most high flyers and daily runners are under $10. You can adjust the price if you’d like, but expensive stocks generally don’t experience wild price fluctuations like the small caps do.