Last week I discussed making some changes on the relative strength scan, and this week I am going to implement them on a trial basis. The biggest change is cutting the final list in half: I now will be tracking 100 stocks instead of 200. The danger is, of course, that i will miss some good stocks, but that danger will be there no matter what method I use. There were 999 stocks in the top 25% of their 52 week price ranges this week. The first step was to take out any that had incomplete data (mostly float) and stocks with 52 week highs less than 5. That took out less than 100. The first step with the remaining list was sorting by 60 day volume per million shares, and I removes all but the top 200. From there I sorted by 20 day volume per million shares to come up with the final 100. This method will probably go through some minor changes in the next couple of weeks, but overall I am pretty satisfied with the results. The columns below are the tickers for the final 100 stocks.
The spreadsheet will be uploaded later today.