BMA

 There was a comment about BMA last night. This is an Argentine bank that has been on the IBD 100 for quite some time. Paul, the commentor, mentioned this as a possible play on the price ramp in wheat, since Argentina is a major wheat exporter. This is an incredibly strong chart, and the first question that came to my mind is, why isn't this showing up in my scans?

It has quite impeccable CANSLIM numbers, it's relative strength is very strong, and the float is pretty small, an ideal candidate for the leadership scan, with only one flaw; low volume. The current 20 day volume per million  shares reading is about 6.8, way to low to make either the leadership or relative strength list, but you can see volume increasing in the last couple of months. One of the problems with having tight standards on the vrrious scans I do is one like this slips through the cracks.