Stock Screener Strategies for Swing Trading: Buy Stocks on Sale // swing traders settings
welcome to looking at the markets with David Modell today I wanted to give you
an idea for stock screeners people ask me about stock screeners a lot how to
use them different ways to use them you can use them as a momentum trader or as
a value trader or investor today I'm going to focus on buying bargains okay
being a value trader or investor and today I'll be using bar chart calm a lot
of times you see me use stockcharts.com or trading Viacom and those are great
you can use whatever stock screener you like but today I just want to give
credit to bar chart calm I'll be using that one and it's free so why not use it
all right and so if you go to bar chart calm go to the homepage and then click
on stocks and then go down to new highs and lows and it gives you a stock
screener according to highs and lows and you can
you can use the highs you can use 52-week highs or whatever you like and
that's fine for trend trading or momentum trading but today I'm focusing
on value plays so I'm gonna click on lows because being a value trader or
investor means buying low and then selling high and by default if you click
on low as it goes to the one month lows and that's what I'll be focusing on
today yes you can use the 52-week lows and that's very popular that's a popular
way to do it just be aware that if you buy a stock at the 52-week low that
means that it's at the lowest point where it's the lowest point that it's
been at for the last year and so you might end up buying a company that is in
real trouble it might be having financial problems
it might not be profitable it might be in trouble with with the government or a
lawsuit or whatever it might be and so if you buy a stock at the 52-week lows
just be careful that you're not catching a falling knife and that you're not
buying a company that's in real trouble so you want to research it very
carefully and that's always true but if you buy a company that's at the
one-month low it could still be doing well over the past year
and it might just be having a dip for the last month and I actually like to
buy dips in really really good companies all right so I I can use a screener I
can go to one month lows and I'm gonna click on I like to buy bigger companies
a lot of the time and you can do this with smaller companies as well but if
you click on all US exchanges and go to large-cap it'll filter it and it all and
give you the large cap companies and that's what we'll focus on today and you
actually get a pretty good selection of companies today
American Airlines applied materials lots and lots of companies bristol-myers some
very famous ones to Deere and companies on here freeport-mcmoran a very large
copper mining company goldman sachs you get the idea coca-cola alright and so
i'd like to focus on a couple of them that i found off of today's list one of
them is lockheed martin and you can click on the the letters there that's
ticker symbol and then if you want to see the whole thing you have to click on
show all or page 2 but today I'm going to focus on Lockheed Martin which I got
off of this stock screener today and then Nvidia is on there as well and
let's find that one NVDA all right and so let's look at Lockheed Martin LMT and
notice that it is down but that should be no surprise because we specifically
screened for stocks that are after one month lows they're at the lowest point
they've been in the last month and we can see there's a nice range here with
the low part of the range or what some people might call support at around 3:30
and at the top part of the range and or what some people might call resistance
at the high 350s you know 358 almost 360 and so you could
have bought at the low part of the range and sold at the top part of the range
and just rinse and repeat over and over you would have done well and then well
it's at the bottom part of the range now and I like to buy low and sell high I'm
not telling you to buy it now if you don't want to yeah you want to your own
research of course but it is at the bottom part of the rain
and so if you look for those one-month lows on really really great companies
that you've researched carefully you can find these opportunities here's another
one that I got off of that list Nvidia and you can see the range very clearly
here on the three-month chart with the low part of the range being around to 13
to 14 or so and then the top part of the range being around almost 250 let's say
248 and you could have you know bought low sell high bought low so on and so
forth and it's pretty close to the low part of the range and perhaps I might
not have even thought to look at this today unless I had used the stock
screener to find this particular stock in this particular chart and this is one
way to screen for stocks that might be at their recent low points and if it's
in a range that is reliable and if it's a great company that could be an
opportunity alright so I hope this was helpful to you this is just another way
to use stock screeners as a value play okay but there many other ways to use
sucks stock screeners and many other ways to plan out your trades and
investments so if you want to contact me if you want to want some help with the
technical indicators screening for stocks or setting up a trading or
investing plan because you really need to have one my name is David Modell and
my email address is David Modell moa de el @ gmail.com and you can email me
anytime also if you like this video please give it a thumbs up on youtube
and subscribe to my youtube channel and also if you want to leave a comment I do
read comments and I try to respond to them whenever I can so thank you so much
I hope this was helpful to you and I'll talk to you again soon
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