FINVIZ Screener Tips: Gems Before The Pump
Select "Unusual Volume" filter in the "Signal" menu at the top. The filters narrow results to stocks with above average volume, and trading just above MA200 - a reliable support/floor for easy assessment of downside risk.
"Price" & "Sector/Industry" filters can be altered to better suit your needs & market activity.
"Float" (Shares available to trade) filter is also useful. <50M is my starter. Float is like supply and demand. If supply is low & demand is high, the price will increase...
...as the float decreases. Watch out for news of public offerings, as this will dilute the float, but does create a better potential entry if the offering price is below the market value.
Hover over ticker symbols to see chart preview. Try to find charts patterns with trends near the bottom right of the chart, OR with plenty of room to run before the nearest resistance point.
Plenty of good plays may run without this pattern. Always investigate news & SEC filings to find a reason for the current behavior, especially if big down-gaps are near. Look ESPECIALLY hard at biotech stocks - failed clinicals/history of frequent offerings are major flags here.
Example:
Another note on SEC filings - Keep an eye out for SEC Form-4 which indicates insider trading. Often times, you can find it on SEC EDGAR before it is displayed on Finviz to get ahead of the curve.
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