How to Pick or Screen a Stock for Stock Trading

Picking a stock is an important step to stock trading. There are hundred of stocks out there and the choice can drown you. I wrote previous about how to screen stocks here from perspective of various traders; there is even the Mark Minervini trend template you can use to screen stock

Again here are ways to screen stock for stock trading using technical analysis. These uses a stock screener

Option 1
- EMA price above

Option 2
- MACD about to cross signal from below

Option 3
- MA 20: moving average about to EMA 13

Option 4 (Mark Minervini Trend Template)
- current stock price is trading above the 50-day moving average
- 50-day (10-week) moving average is above both the 150-day and 200-day moving averages
- price is 30 percent above its 52-week low
- current stock price is within at least 25 percent of its 52-week high

Option 4 (ABS trading)
- MA 20 price is above average
- MA 50 moving average below MA 20
- MA 100 moving average below MA 100
- Value average (10 days) above 20
- RSI 14 equal or more than 70

After stocks are screened this way, look individual into the chart and plot entry, exit and cut loss points

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Mark Minervini Trend Template

Mark Minervini is one of America's most successful stock traders; a veteran of Wall Street for nearly 30 years. His trend template The current stock price is above both the 150-day (30 week) and 200 days (40 week) moving average price line The 150 day moving average is above the 200 days moving average the 200 day moving average line is trending up for at least 1 month (preferably 4-5 months minimum is most cases) the 50 days (10 week) moving average is above the 150 day and 200 days moving average the current stock price is trading above the 50 days moving average The current price is at least 30 percent above its 52 week low The current stock price is at least 25 percent of its 52 week high and closer to the new high the etter the relative strength ranking is no less than 70 and preferably in the 80s or 90s For more articles on stock trading, check out Digital Nomad Here

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