Double Trouble

This is one of the methods I use to filter the stocks. The concept has been designed by Pradeep Bonde. As I am on the learning curve, he recomended to master this first as this is one of the simplest concept. You need historic data for last 1 year to run this scan. You can use any scanning software. I use Amibroker.

Here is what Double Trouble about.

1. Filter all the stocks which have doubled in last 1 year (260 trading days).
2. From this universe filter out stocks which are up 4% on high volume.
3. Filter out stocks which are withn 25% range of their highest price in last one year.
4. Reasearch these stocks for earnings or any breaking news. Look for one month weaknes.
5. Buy on next open.

There are high chances that these stocks will make upto 1500% move.