Stocks under $5, bulllish MACD cross above zero scan,
These may be worth radar, only posting scan results as I have not looked at charts or volume on these issues but perhaps there is a few of interest in here.
Posting this for the whole board here in general................
There are a some familiar names in here, and hopefully I weeded out all the pink/otc issues so excuse me if one snuck in there (just going by exchange listed in results).
Also very likely there are a number of them that were "gappers" hence producing the macd cross.
Parameters used are 8,17,9 and not uncommon at all and preferred by myself
The "jist" of the scan falls under the basic concept of trading on the long side of issues that are in an uptrend. So if MACD is above zero, it is an indication of an uptrend (In this case 8ema is above 17ema). The crossover is the effect of that macd crossing back above its 9ema and considered bullish.
So the scan is looking for an up trending issue that has consolidated or retraced a bit and now signaling to go long again and resume the uptrend
Will see how these do tomorrow and what percentage of them have profitable days anyway
ADAT
ADMP
AGEN
AIS
ARWD
CBAID
GCA
HCKT
HYF
IKAN
ILVC
KOPN
LOGL
LTS
LVLT
NLS
NRTIE
ONTY
PVCT
SAAS
SCLN
TASR
TWER
VICL
WL
WSTL
WTSLA
