A Simple Moving Average Screen

Using IBD's custom screen wizard, here's a fun little screen I like to run at least once a week.

This morning I searched for stocks which are trading 50% above both their 50 day and 200 day moving averages. This screen always shows where the action is and frequently can point to "reversion to the mean" short setups. Few stocks that maintain the level of sheer upside momentum to stay that far above their respective moving averages for long durations.

Here are the 12 stocks that meet that criteria this morning:

This is a simple but effective screen. I always find it interesting to see what shows up on this list and those of you who desire to trade short term would be smart to add a screen of this nature to your arsenal.