This screen allows you to find bullish MACD Crossovers (what we
call Born-Again Bulls) before they happen.
If a 2% advance in the price of a stock would cause it to experience a bullish MACD
Crossover the next day, AND if the stock has a bullish confirming signal of its
Directional Movement +DI line above its -DI line, then
it will be reported on this screen.
Potential Bulls that are expected to experience a Zeroline Crossover are sorted
in ascending order by the number of weeks their MACD line spent below the
Zeroline in bearish territory. Alternately, the Potential Bulls that are
expected to experience a Moving Average Crossover are sorted in descending
order by the number of weeks that the MACD line was below the Signal line.
You can read a more detailed explanation of this strategy in the
Born-Again Bulls section.
See Potential Bulls tables from several weeks ago.
CELL had been a big mover from Nov2002 to Mar2003 and then then pulled back over
the next 3 months. It was reported as a Potential Bull on Jul03,2003 because almost
any advance at all would bring its MACD above the ZeroLine. Sure enough, on the
next trading day, it became a Born-Again Bull, and it
gained a whopping 405% by October. (Note: CELL's price on Jul03 was actually around $12.69,
not $5.64 as indicated in the chart... that's the split-adjust price... it has split 3:2 twice
since that time).
(As Of Jul03,2003)
Potential Bull that had been below the
MACD Zeroline for about 2 months
(As of Oct16,2003)
The next day it became a Born-Again Bull
and soared 405% in 3.5 months