End of week picks and reduced signal number

To reduce the number of stocks picked based on the volume criteria, stocks picked only by the volume-price scan must also have a volume that is the 50 day high as well as twice the 50 day moving average. The volume criteria is also added to the momentum scan to reduce stocks.

To further reduce stocks, I'm only posting stocks with good setup signals or stocks moving with higher volume since these are the only stocks I really look at anyway, with rare exceptions.

End of day 9/28/2007:

+ACTI, ACTIVIDENTITY COR (Google Yahoo Earnings Chart) $5.16 - $4.73
+*AEGG.OB, AMERICAN ENERGY N (Google Yahoo Earnings Chart) $0.93 - $0.75
^AMAG, ADVANCE MAGNETIC (Google Yahoo Earnings Chart) $57.2 - $55.24
+CEGE, CELL GENESYS INC (Google Yahoo Earnings Chart) $3.82 - $3.59
+*CTHR, CHARLES & COLVARD (Google Yahoo Earnings Chart) $4.03 - $3.85
+^CYCC, CYCLACEL PHARMACE (Google Yahoo Earnings Chart) $5.57 - $5.18
`+DRV, DEBT RESOLVE INC (Google Yahoo Earnings Chart) $2.75 - $2.5
+!EMKR, EMCORE CORP (Google Yahoo Earnings Chart) $9.6 - $8.96
+!EPHC, EPOCH HOLDING COR (Google Yahoo Earnings Chart) $14.08 - $12.37
*+GRIL, GRILL CONCEPTS (Google Yahoo Earnings Chart) $6.59 - $5.97
+^HYTM, HYTHIAM INC (Google Yahoo Earnings Chart) $7.4 - $6.95
+*LBIX, LEADING BRANDS (Google Yahoo Earnings Chart) $2.75 - $2.44
*LJPC, LA JOLLA PHARMA (Google Yahoo Earnings Chart) $4.43 - $4.11
`+LMAT, LEMAITRE VASCULAR (Google Yahoo Earnings Chart) $7.54 - $6.34
`MDM, MOUNTAIN PRV DMDS (Google Yahoo Earnings Chart) $4.49 - $4.1
+NEWT, NEWTEK BUS SVCS (Google Yahoo Earnings Chart) $1.68 - $1.56
+^PSTA, MONTEREY GOURMET (Google Yahoo Earnings Chart) $3.81 - $3.63
+^PTSC.OB, PATRIOT SCIENTIFI (Google Yahoo Earnings Chart) $0.47 - $0.4
+^RMTI, ROCKWELL MED TECH (Google Yahoo Earnings Chart) $5.7 - $5.22
*RSYS, RADISYS CP (Google Yahoo Earnings Chart) $12.45 - $12.2
+^*SATC, SATCON TECH CP (Google Yahoo Earnings Chart) $1.14 - $1.03
+*SIR, SIRVA INC (Google Yahoo Earnings Chart) $0.69 - $0.62
*SLTC, SELECTICA INC (Google Yahoo Earnings Chart) $1.75 - $1.6
+!@SSTR, SILVERSTAR HLDGS (Google Yahoo Earnings Chart) $5.02 - $3.55
+^TGIS, THOMAS GROUP INC (Google Yahoo Earnings Chart) $9.14 - $8.55
+^TGS, TRANSPORTADORA AD (Google Yahoo Earnings Chart) $6.83 - $6.45
*TGX, THERAGENICS CORP (Google Yahoo Earnings Chart) $4.49 - $4.1
`TNEN.OB, TRUE NORTH ENERGY (Google Yahoo Earnings Chart) $0.52 - $0.48
+^*UAHC, UNITED AMER HEALT (Google Yahoo Earnings Chart) $3.91 - $3.46
+*WLM, WELLMAN INC (Google Yahoo Earnings Chart) $2.4 - $2.2
+WNI, SCHIFF NUTRIT INT (Google Yahoo Earnings Chart) $5.99 - $5.38
+*WNS, WNS (HOLDINGS) LI (Google Yahoo Earnings Chart) $17.2 - $16.4
+WSTM, WORKSTREAM INC (Google Yahoo Earnings Chart) $1.1 - $0.95

Of these, I like the technical patterns for: ACTI, AVRX, CEGE, CYCC, HYTM, LJPC, NCTY, PSTA, RSYS, SATC, TGIS, TGS, THRX, WNI, WSTM

Just the picks

Picks at end of day 9/27/2007:
^AMSC, AMER SUPERCONDUCT (Google Yahoo Earnings Chart) $20.12 - $19.06
+^BABY, NATUS MEDICAL INC (Google Yahoo Earnings Chart) $15.97 - $14.75
^*CCO, CLEAR CHANNL OUTD (Google Yahoo Earnings Chart) $26.22 - $24.87
^CEGE, CELL GENESYS INC (Google Yahoo Earnings Chart) $3.63 - $3.37
+CPRT, COPART INC (Google Yahoo Earnings Chart) $33.85 - $31.2
+^*ELI, ELITE PHARMA INC (Google Yahoo Earnings Chart) $2.25 - $2.05
^*GDI, GARDNER DENVER IN (Google Yahoo Earnings Chart) $39.35 - $38.06
^GIVN, GIVEN IMAGING LTD (Google Yahoo Earnings Chart) $27.76 - $26.29
^GLW, CORNING INC (Google Yahoo Earnings Chart) $24.9 - $24.1
^HCF, HIGHLAND CRED STR (Google Yahoo Earnings Chart) $18.43 - $18.2
!HDY, HYPERDYNAMICS COR (Google Yahoo Earnings Chart) $2.99 - $2.75
~IMN, IMATION CP (Google Yahoo Earnings Chart) $24.68 - $24.11
^IQW, QUEBECOR WORLD IN (Google Yahoo Earnings Chart) $9.07 - $8.79
*KANA.OB, KANA SOFTWARE INC (Google Yahoo Earnings Chart) $3.14 - $3
+@KONG, KONGZHONG CORP (Google Yahoo Earnings Chart) $8.53 - $5.94
*KRY, CRYSTALLEX INTL C (Google Yahoo Earnings Chart) $3.1 - $2.67
*LEE, LEE ENTERPRISES (Google Yahoo Earnings Chart) $15.26 - $14.77
+LONG, ELONG (Google Yahoo Earnings Chart) $9.95 - $9.15
*MHP, MCGRAW HILL COS T (Google Yahoo Earnings Chart) $52.09 - $50.12
^MPET, MAGELLAN PETROLEU (Google Yahoo Earnings Chart) $1.17 - $1.07
*OMNI, OMNI ENERGY SVCS (Google Yahoo Earnings Chart) $7.79 - $7.25
^OPLK, OPLINK COMMUNICAT (Google Yahoo Earnings Chart) $13.28 - $12.95
+RMTI, ROCKWELL MED TECH (Google Yahoo Earnings Chart) $5.52 - $4.67
*+*SIGA, SIGA TECH INC (Google Yahoo Earnings Chart) $4.2 - $3.85
*TXCO, EXPLORATION CO OF (Google Yahoo Earnings Chart) $9.3 - $8.59

Revised 9/30/2007

Price and volume action

Only 7 of the top 20 stocks with the highest percentage gain that had an increase over 5% with a volume twice as great as the 50 day moving average and a price over $5.00 declined in value. The other 13 gained in value more than the 7 lost. I've decided to include these stocks in the scan, a plus sign will preceed the stock symbol if the stock meets this criteria unless the stock was picked with a rare signal, in which an "*" is the preceeding character. I'll see if there is any way to eliminate these stocks that lost value. To reduce the number of picked stocks, I'm only selecting these stocks if they haven't met any other criteria or the volume is three times the 50 day moving average and the price gain is greater than 6% in one day.

Many stocks are picked today, is this a sign of a rebound due to a decrease in value yesterday? CNN claimed this may have been due to profit taking. This may not be a sign of a rebound, it could be just daily volatility in an uncertain market.

Picks at end of day 9/26/2007:

ADDL.OB, ADUDDELL INDUSTRI (Google Yahoo Earnings Chart) $0.22 - $0.2
?AHG, APRIA HEALTHCARE (Google Yahoo Earnings Chart) $26.99 - $26.3
*AMSC, AMER SUPERCONDUCT (Google Yahoo Earnings Chart) $19.28 - $18
*ARM, ARVINMERITOR INC (Google Yahoo Earnings Chart) $17.08 - $16.55
ASX, ADVANCED SEMICOND (Google Yahoo Earnings Chart) $5.54 - $5.25
*BIO, BIO RAD LABS CL A (Google Yahoo Earnings Chart) $86.86 - $84.19
?BIOS, BIOSCRIP INC (Google Yahoo Earnings Chart) $6.43 - $6.28
^*CENX, CENTURY ALUMINUM (Google Yahoo Earnings Chart) $50.55 - $48.31
CKSW, CLICKSOFTWARE TEC (Google Yahoo Earnings Chart) $5.21 - $4.91
+CNIC, COPERNIC INC (Google Yahoo Earnings Chart) $3.56 - $2.04
~COT, COTT CP (Google Yahoo Earnings Chart) $7.99 - $7.71
CSU, CAPITAL SR LIVING (Google Yahoo Earnings Chart) $8.84 - $8.32
*DYS, DISTRIBUCION Y SE (Google Yahoo Earnings Chart) $29.65 - $28.32
EBHI, EDDIE BAUER HLDGS (Google Yahoo Earnings Chart) $8.9 - $8.4
EGHT, 8X8 INC (Google Yahoo Earnings Chart) $1.28 - $1.25
^EMAG, EMAGEON INC. (Google Yahoo Earnings Chart) $8.36 - $8.11
EMS, EMERGENCY MED SVC (Google Yahoo Earnings Chart) $27.1 - $25.99
^GMT, G A T X CP (Google Yahoo Earnings Chart) $43.8 - $42.28
^GNSS, GENESIS MICROCHIP (Google Yahoo Earnings Chart) $8.25 - $7.75
HLEX, HEALTHEXTRAS INC (Google Yahoo Earnings Chart) $27.8 - $26.76
^*IBI, INTERLINE BRANDS (Google Yahoo Earnings Chart) $24.4 - $23.46
^ICGE, INTERNET CAP GRP (Google Yahoo Earnings Chart) $12.09 - $11.15
?IDCC, INTERDIGITAL COMM (Google Yahoo Earnings Chart) $21.69 - $20.52
IDMI, IDM PHARMA INC (Google Yahoo Earnings Chart) $1.51 - $1.48
^IIJI, INTERNET INIT JAP (Google Yahoo Earnings Chart) $7.6 - $7.35
?IPSU, IMPERIAL SUGAR CO (Google Yahoo Earnings Chart) $26.34 - $25.71
JSC, SPDR RUSSELL/NOMU (Google Yahoo Earnings Chart) $47.03 - $46
^*JSM, SLM CORP SR NT (Google Yahoo Earnings Chart) $18.5 - $17.68
^KNOT, THE KNOT INC (Google Yahoo Earnings Chart) $21.45 - $20.57
KOOL, THERMOGENESIS COR (Google Yahoo Earnings Chart) $2.24 - $2.17
*LI, LAIDLAW INTL INC (Google Yahoo Earnings Chart) $35.18 - $35.05
*MAG, MAGNETEK INC (Google Yahoo Earnings Chart) $4.68 - $4.4
^*MCBC, MACATAWA BANK COR (Google Yahoo Earnings Chart) $14.19 - $13.35
?MEMY, MEMORY PHARMACEUT (Google Yahoo Earnings Chart) $1.88 - $1.84
^MIND, MITCHAM INDS INC (Google Yahoo Earnings Chart) $18.91 - $18.22
?MORN, MORNINGSTAR (Google Yahoo Earnings Chart) $63.83 - $61.58
^MRVL, MARVELL TECH GROU (Google Yahoo Earnings Chart) $16.53 - $16.1
*MRX, MEDICIS PHARMA CP (Google Yahoo Earnings Chart) $30.3 - $29.15
+NAVI, NAVISITE INC (Google Yahoo Earnings Chart) $8.94 - $8.26
?NSTC, NESS TECHNOLOGIES (Google Yahoo Earnings Chart) $10.92 - $10.56
+NWD, NEW DRAGON ASIA C (Google Yahoo Earnings Chart) $1.19 - $1.03
OEGY.OB, OPEN ENERGY CORP (Google Yahoo Earnings Chart) $0.54 - $0.5
OVEN, TURBOCHEF TECH IN (Google Yahoo Earnings Chart) $13.79 - $13.16
*PMTC, PARAMETRIC TECH (Google Yahoo Earnings Chart) $17.48 - $16.75
?RGEN, REPLIGEN CP (Google Yahoo Earnings Chart) $4.37 - $4.2
*RNCH.OB, RANCHER ENERGY CO (Google Yahoo Earnings Chart) $0.37 - $0.33
?SAIA, SAIA INC (Google Yahoo Earnings Chart) $16.72 - $16.39
SHFL, SHUFFLE MASTER IN (Google Yahoo Earnings Chart) $15.25 - $14.7
SOLUQ.OB, SOLUTIA INC (Google Yahoo Earnings Chart) $0.43 - $0.38
ULGX, UROLOGIX INC (Google Yahoo Earnings Chart) $1.87 - $1.73
WFMI, WHOLE FOODS MARKT (Google Yahoo Earnings Chart) $47.97 - $45.66
?WIT, WIPRO LTD. (Google Yahoo Earnings Chart) $14.31 - $14.15
?WMG, WARNER MUSIC GRP (Google Yahoo Earnings Chart) $9.99 - $9.5
WYN, WYNDHAM WORLDWIDE (Google Yahoo Earnings Chart) $31.9 - $30.83

Scan revised 9/30/2007

Patterns I like are: ACAT, AKNS.OB, ALKS, ARM, ASPM, AVAV, BLDP, COT, EMAG, FFEX, IMMC, INFA, IONA, JADE, JSDA, LCCI, LI, LIOX, MRVL, MTEX, OPMR, PMTL, RCKY, RNCH.OB, VMO

Volume and price action

In the stock market, volume is just as important as price. When a stock's price moves on high volume, a trend is much more likely than when the price moves on lower volume. Some sites even keep track of stocks whose price has moved more than 2% and the volume is more than double the 50 day simple moving average. I'll keep an eye on these as well.

Picks at end of day 9/25/2007:
AMD, ADV MICRO DEVICES (Google Yahoo Earnings Chart) $13.81 - $13.34
ANCX, ACCESS NATIONAL C (Google Yahoo Earnings Chart) $8.45 - $7.9
APPA, AP PHARMA INC (Google Yahoo Earnings Chart) $2.15 - $2
BMRN, BIOMARIN PHARMACE (Google Yahoo Earnings Chart) $24.11 - $23.05
CPB, CAMPBELL SOUP CO (Google Yahoo Earnings Chart) $36.35 - $35.45
CRY, CRYOLIFE INC (Google Yahoo Earnings Chart) $8.79 - $8.28
DDSS, LABOPHARM INC. (Google Yahoo Earnings Chart) $1.7 - $1.62
DISH, ECHOSTAR COMMUN A (Google Yahoo Earnings Chart) $44.14 - $42.73
EEFT, EURONET WORLDWIDE (Google Yahoo Earnings Chart) $27.66 - $26.31
*EGMI.OB, ELECTRONIC GAME C (Google Yahoo Earnings Chart) $0.55 - $0.46
ERF, ENERPLUS RES FD (Google Yahoo Earnings Chart) $46.98 - $45.5
FUEL, SMF ENERGY CORP (Google Yahoo Earnings Chart) $1.35 - $1.26
HOLL, HOLLYWOOD MEDIA C (Google Yahoo Earnings Chart) $3.59 - $3.43
IFLI.OB, INTL FIGHT LEAGUE (Google Yahoo Earnings Chart) $0.51 - $0.44
INO, INOVIO BIOMED COR (Google Yahoo Earnings Chart) $1.37 - $1.16
ISH, INTL SHIPHOLDING (Google Yahoo Earnings Chart) $21 - $19.43
LCBM, LIFECORE BIOMEDIC (Google Yahoo Earnings Chart) $11.99 - $11.52
LGF, LIONS GATE ENTMT (Google Yahoo Earnings Chart) $10.14 - $9.32
*LPX, LOUISIANA PACIFIC (Google Yahoo Earnings Chart) $17 - $16.4
MFG, MIZUHO FINANCIAL (Google Yahoo Earnings Chart) $11.07 - $10.5
MHA, MANHATTAN PHARMA (Google Yahoo Earnings Chart) $0.24 - $0.21
MOT, MOTOROLA INC (Google Yahoo Earnings Chart) $18.62 - $18
NICH, NITCHES INC (Google Yahoo Earnings Chart) $2.58 - $2.39
NIPNY, NEC CP ADR (Google Yahoo Earnings Chart) $4.87 - $4.65
NUAN, NUANCE COMMUNICAT (Google Yahoo Earnings Chart) $19.42 - $18.51
NWD, NEW DRAGON ASIA C (Google Yahoo Earnings Chart) $1.02 - $0.95
OCR, OMNICARE INC (Google Yahoo Earnings Chart) $31.83 - $30.74
OVTI, OMNIVISION TECH I (Google Yahoo Earnings Chart) $22.58 - $21.8
RX, IMS HEALTH INC (Google Yahoo Earnings Chart) $30.23 - $29.03
SGMS, SCIENTIFIC GAMES (Google Yahoo Earnings Chart) $37.57 - $36.25
TATTF, TAT TECH LTD (Google Yahoo Earnings Chart) $13.29 - $12.28
TRBN, TRUBION PHARMACEU (Google Yahoo Earnings Chart) $12.07 - $11.3
UIC, UNITED IND CP (Google Yahoo Earnings Chart) $74.6 - $70.26
*VMO, VAN KAMPEN MUNI O (Google Yahoo Earnings Chart) $14.89 - $14.78
*XPRSA, US XPRESS ENTP CL (Google Yahoo Earnings Chart) $19.14 - $18.94
XTNT, XTENT INC (Google Yahoo Earnings Chart) $8.25 - $7.76

Stock patterns that I like are: AMD, BMRN, ERF, LGF, MFG, MOT, OCR, OVTI, SGMS, TATTF, TRBN