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Hi!
Just now I ran the following scan:
[type = stock]
AND
[country is US]
AND
[[exchange is NYSE] OR [exchange is NASDAQ]]
AND
[optionable is true]
AND
[volume > 1000000]
AND
[[close * 1.05] X EMA(20)]
I expected the scan to show the stocks for which yesterday's closing price plus 5% crossed over the EMA(20).
But, here's one of the results:
Range Resources (NYSE: RRC)
Yesterday's EMA(20) = 14.16
Yesterday's closing price = 13.63
What's wrong?
Thank you!
Doctor T
0
Comments
yesterday 2/13
ema 20 = 14.21
close = 13.14 x 1.05= 13.80; below ema
today 2/14
ema 20 = 14.16
close = 13.63 x 1.05 = 14.31; above ema
or did I miss something?
Thank you for your reply.
Oops! I meant to identify stocks for which the closing share price crossed over the EMS (20) plus a percentage.
I should have written [close X [EMA(20)*1.05]]
Today I lowered the percentage to 3% and, to identify NEW crossovers, I added [yesterday's close < EMA(20)] and it appears to be working.
Doctor T