In an attempt to find stocks that have recently used their respective 200-day Simple Moving Average (SMA) as support, and are now moving toward analysts’ targets, I use a screen with the following parameters:
- Average Analyst Recommendation = Buy or better
- Price Below 50-day SImple Moving Average
- Price Above 200-day SImple Moving Average
- Current Price Under Average Analyst Price Target
- Sorted by Price to Sales Ratio
From the results of the screen, 10 stocks, listed below, showed promise (sorted by upside potential, according to analysts’ estimates):… ...
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