In this article, I’ll provide an overview of my latest watchlist. I won’t delve too deeply into the fundamental principles of how the watchlist is constructed, as the name of this website suggests my focus is on identifying securities that align with the CAN SLIM criteria or come close to it.
DISCLAIMER: Please note that I am not a seasoned professional, and the securities I discuss should not be considered as buying recommendations. I do not assume responsibility for the price performance of any of the stocks mentioned on this website. The information presented here is intended for informational and educational purposes only.
Below, you’ll find my latest Ready-To-Go watchlist ranked by their past performance, from the best to the least favorable (though all selections are strong):
- MHO
- FOR
- PHM
- GFF
- TREX
- FIX
- IR
- SPXC
- GOOGL
All of these stocks are near the EMA 21 or closing to breaking out of the base which makes them a good candidate for growth.
mhO:
Although, it is not a CAN SLIM stock, since its earnings and sales growth don’t add up, it is a good performer compared to an overall market. Its RS rating is 98 which means that it outperforms approximately 98% of the stocks in the market.
Since it is very close to EMA 21 right now, it would be a fairly reasonable buy. Of course, you would need to put the stop-loss below EMA 21.
FOR:
This is a CAN SLIM stock. It’s RS rating is 97 at the time of this writing. It has just broken out of the base but its price is close to EMA 21. So for me, it would make sense to consider it.
Since the price is not in the base anymore, I would put the stop-loss not far from the purchasing price – maybe 3 to 5 %. It would make a convenient buy because the price is close to EMA 21.
PHM:
This is not neither a CAN SLIM stock nor is it going to break out from the base right now. It is in my list because its RS rating is 97 and it seems to be under accumulation.
The price is close to EMA 21. So again, it would make a fairly safe buy when you put the stop-loss below the moving average.
GFF:
Similarly to PHM the stock is not CAN SLIM because its earnings and sales growth doesn’t add up but its price is close to EMA 21 and the price performance is also good: RS rating 97.
When the price goes above EMA 21, I would probably buy it.
trex:
This is a CAN SLIM stock and it has just broken out of a base but its price is close to EMA 21. Also it is good to note that the price action in the base has had quite tight days and there was not much volatility.
The RS rating is 95 which means that this one also is a good performer compared to overall market.
FIX:
Similarly to the previous one this CAN SLIM stock has just broken out of the base but its price is close to EMA 21. The longer picture shows that the stock has been in a steady uptrend with relatively low volatility. This is a sign that when timing correctly, it could be a safe and strong buy. Of course stop-losses are necessary.
IR:
The price of this security seems a little bit extended but it could be a good bet. RS rating of the stock is 91. In the recent base there have been few volatile weeks but the price had several tight closes at the bottom of the base which is an indication that the trading had calmed down. This in turn is a sign of strength.
SPXC:
This is a CAN SLIM stock which is also out of the base but the price is close to EMA 21 right now. Recent price base has had quite tight price action which shows that investors are not very interested selling it right now.
The RS rating is 91 at the moment.
It is also good to note the high sales growth and even higher EPS growth for the stock.
GOOGL:
This is the stock that’s in the base right now. It is not a CAN SLIM stock right now because its sales growth doesn’t add up. But according to the overall market leadership also to tight price action I would consider it a good buy.
This stock has the lowest RS rating in this watchlist right now but it’s still 87 which indicates to an outperformer.
FINAL note:
Many of the stocks are close to releasing earnings updates which could bring up higher volatility. Since this article is not about how to trade the earnings, we are not going to get into it right now. Usually it would be better to wait for the earnings and buy the stock after that (even its price has gone up a a lot).
conclusion:
As we wrap up this overview of my latest Ready-To-Go watchlist, it’s important to remember that the investment landscape is dynamic and requires ongoing vigilance and analysis. The stocks listed here, ranging from MHO to GOOGL, have been selected based on their alignment with CAN SLIM criteria or their nearness to key technical indicators like the EMA 21. Each has its unique strengths and considerations, from impressive RS ratings to recent breakouts or tight price actions.
However, it’s crucial to approach these insights as part of a broader investment strategy, rather than as definitive buying signals. Investing always carries inherent risks, and my analysis is aimed at offering educational perspectives rather than professional advice. Remember, the importance of doing your due diligence cannot be overstated. Monitoring upcoming earnings updates and market trends will also play a significant role in making informed decisions.
In conclusion, while this watchlist presents interesting opportunities for potential growth, it should be integrated thoughtfully into your overall investment approach. Stay informed, stay flexible, and always consider the broader market context in your investment decisions. Happy investing!
