CANSLIM Stock Screener

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thebbqguy
Posts: 436
Joined: Mon Feb 18, 2013 2:33 am
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Post by thebbqguy »

Has anyone here found a stock screener that can screen the CANSLIM indicators that doesn't cost an arm and a leg?
C = Current quarterly earnings per share - up 25% or more
A = Annual earnings per share - up 25% or more in each of the last three years
N = New product/management/price high - about to make a new high in price
S = Supply/Demand: Small Cap + Volume - trading volume should be big as the stock price increases
L = Leader - A stock's Relative Price Strength Rating should be 80 or higher.
I = Institutional Sponsorship - IBD's Accumulation/Distribution Rating
M = Market Direction - should be in a confirmed up trend since three out of four stocks follow the market's overall trend
This might not be the normal ERE type of strategy, but it has an extremely good track record.
One money management company used the CANSLIM strategy to gain 265.3% from January, 2001 through September 30, 2012 compared to the stock market benchmark of the Standard and Poor 500's (S&P 500's) gain of 30.2% for the same period.
My personal observation is that it works extremely well with lower priced stocks that do not have a large total # of outstanding shares.


celliott
Posts: 63
Joined: Sun May 08, 2011 2:37 pm
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Post by celliott »

I believe that's been the number used in the rating of equities in the Investor's Business Daily for many years.
Using CANSLIM they give a numerical indicator from 1-100 (if memory serves).
http://research.investors.com/screen-ce ... reen=10640
Try that.


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