Finviz Stock Screener For Killer Setups

Finviz is my favorite stock screener. Here is an awesome stock screen that you can use to find absolutely awesome stocks.

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Set Market Cap at Small ($300 million to $2 billion), Sales growth qtr over qtr to Over 30%, Institutional Transactions to Over 50%, RSIIn the world of technical analysis, the Relative Strength Index (RSI) stands as a cornerstone tool for traders seeking insights into market momentum. Developed by J. Welles Wilder ... More Oversold (30). Your screen should look like this:

If you already signed up for a Finviz account through me, then you can quickly get this stock screener here.

Think about what is taking place with this stock screener. First, it’s screening for small cap stocks. These are the stocks most likely to really move. They generally tend to have lower floats and so a small amount of buying will send these stocks higher.

Second, the sales growth quarter over quarter is extremely powerful. It brings in fundamental analysis and it does it for you in seconds. Quarter over quarter is from one quarter to the next and so we want to see companies that have really taken off in terms of revenue.

Third, institutional transactions brings in SEC Edgar filings analysis again in just seconds. Institutional transactions tracks the amount of institutional buying over the previous 3 month period. We want to know what stocks institutional investors are accumulating so that we can trade with them, not against. Institutional investors have deeper research benches and will often send an employee out to the company to investigate. At the very least, institutional investors have greater access to a company’s officers and therefore have greater knowledge about that company. If institutional investors are buying a stock, we should be buying it too.

Finally, the RSI in a range from under 40 will help us get a stock that’s coming out of oversold and is already starting to move higher. Some traders like to set the RSI at 30 or below. That’s fine but just remember that a stock can gyrate below 30 and give an oversold rating for a long time before rising.

The best stock screens are simple ones like this that are based on time tested principles for profitable stock trading like growing sales and institutional buying. Enjoy and if you haven’t already signed up to Finviz through me, please do that now.