SMB Radar Update for May 10, 2011

Joe PalauGeneral CommentsLeave a Comment

Although the market is mostly dry today, some of top 10 In Play stocks are showing great opportunity.

This is the most important function of the scanner. The SMB 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: $FOSL, $PANL, $ITMN, $NOG, $PLCM, $BID, $CE, $GSM, $CROX, $JRCC

Keep in mind this is a snap shot, and on days like today the list could change frequently.

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