CANSLIM method

[cire2222]

CAN SLIM Letter Breakdown
Let’s start by understanding what each letter represents in the CAN SLIM acronym as described by investors.com:

C= Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters.

A= Annual earnings should be up 25% or more in each of the last three years. Annual return on equity should be 17% or more.

N= A company should have a new product or service that’s fueling earnings growth. The stock should be emerging from a proper chart pattern and about to make a new high in price.

S= Supply and demand. Shares outstanding can be large or small, but trading volume should be big as the stock price increases.

L= Leader or laggard? Buy the leading stock in a leading industry. A stock’s Relative Price Strength Rating should be 80 or higher.

I= Institutional sponsorship should be increasing. Invest in stocks showing increasing ownership by mutual funds in recent quarters. IBD’s Accumulation/Distribution Rating gauges mutual fund activity in a stock.

M= The market indexes, the Dow, S&P 500 and Nasdaq, should be in a confirmed up trend since three out of four stocks follow the market’s overall trend

[MC]

Good stuff Cire.
I look at a balance sheet and go WTF, not unlike 17 months ago when I looked at my first chart.

[Chan]

here is what I came up with on a can Slim search, (small cap)
Extra Space Storage Inc (NYSE: EXR)

Hub Group Inc Cl A (NASDAQ: HUBG)

Natus Medical Inc (NASDAQ: BABY)

Synutra Intl Inc (NASDAQ: SYUT)

Buckle Inc (NYSE: BKE)

Laurentian Bank Of Canada (TSE: T.LB)

Umb Financial Corp (NASDAQ: UMBF)

Forrester Research Inc (NASDAQ: FORR)

Inter Parfums Inc (NASDAQ: IPAR)

Merit Medical Systems (NASDAQ: MMSI)

Amcol Intl Corp (NYSE: ACO)

Owens & Minor Inc (NYSE: OMI)

Eresearch Tech Inc (NASDAQ: ERES)

Stanley Inc (NYSE: SXE)

Bois D'arc Energy Llc (NYSE: BDE)

American Vanguard Corp (NYSE: AVD)

General Moly Inc (AMEX: GMO)

San Juan Basin Roy Trust (NYSE: SJT)

Metalico Inc (AMEX: MEA)

Deckers Outdoor Corp (NASDAQ: DECK)

Eastgroup Properties Inc (NYSE: EGP)

[MC]

Thanks Chan...what do you use for scanning?
I have kept my stockfetcher account despite not trading stocks just because I still like to run scans on occasion.
I might try to setup a canslim scan later.

[Chan]

one, was prophet.net

[MC]

Well most those look great on a weekly chart Chan, I think you guys may have added a possible filter to any stocks I would think about now.
If I can combine core fundamentals with my volume techniques I may be able to filter quite a bit better than off just volume.

Great work guys