These are today’s top stocks on the In Play column on the SMB Radar.
This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates heavy institutional activity in the stock and tend to have a catalyst that is driving them for the day.
We prefer stocks that are very In Play. This is indicated by the brightness of the red, along with the IPR number (we prefer above 3.0). In Play stocks give us the best opportunity to make high probability intraday trades, with a good understanding of our risk.
Top 10 IPR: $APOL $VHC $JOYG $DG $LTD $JNPR $DRC $AMB $FDO $GS
Keep in mind this is a snap shot, and the list could change frequently.
feel free to ask any questions on the radar: @smbcapital @sspencer_smb
2 Comments on “SMB Radar Update for June 2, 2011”
APOL was looking promising during Steve’s “Live from the Trading Floor” show yesterday. Good second day follow-through. Anyone who carried it overnight was rewarded.
There are some interesting names that have come up today in the SMB radar. I can assure you that traders would benefit from our custom built algorithm in conjunction with the radar list. We focus on
directional trend moves, and we had JOYG this am as well as BAP. Plan the trade and be disciplined.
we scan all day long and find the winners in both directions.
http://www.failuretotradetheplan.com