The two things a trader needs to make a profitable trade are:
1. Big Daily Range
2. Strong Volume to Provide Liquidity
MomentumStockScans.com is a tool to help traders find stocks with both of those elements. It is compatible with
a wide range of trading styles. What it does is help you find good stocks to trade and
compare stocks all on one screen so that you can easily find the best stocks for
fun and profit.
Column Heading Meanings
On each of our scans you will find a table with a heading which looks like this:
Here is a brief description of each column heading and how to use it:
Last - Scans are compiled at regular intervals throughout the trading day. This is the most
recently recorded price when the scan was compiled.
% Change - Percentage change in Last vs the previous day's close
Volume (K) - Number of shares traded for the day, in thousands. For premarket and afterhours
scans, it is the number of shares traded in the corresponding extended hours session.
Volume Ratio - A ratio consisting of the Volume (K) divided by the
stock's average daily volume over the past 50 days. This metric is important because it highlights stocks
that are trading on strong volume relative to their own history. So if a stock's volume ratio
is 3.0, that means it has traded 3 times the volume today than it trades on an average day.
Short Ratio - Also known as the "days to cover" ratio, this is a ratio consisting of
the stock's number of shares short in comparison to the stock's average daily volume over the past 50 days.
Traders like to use the short ratio as a means of determining the likelihood of a "short squeeze".
Short % of Float - A ratio consisting of the stock's number of shares short divided by
the Float. It can be used similarly to the Short Ratio.
Float (M) - The number of shares of the stock that are freely traded on the market, in millions.
Stocks with small numbers (< 20 or so) are often called "low floaters". Because "low floaters" have a
small number of shares available on the market, a smaller number of people can affect the stock price
through buying and selling.
Float % - The ratio of the day's volume divided by the Float.
When this number reaches 100%, it means that the number of shares traded today exceeds the number of
shares available for trading on the stock market. i.e.) A large amount of stock is churning, changing
hands among market participants.
IO % - Institutional Ownership - The percentage of the Float currently
held by institutions, according to recent 13F filings of money managers.