Qullamaggie: Continuation Base

Buys off Qullamaggie’s screen: a stock has to have gained at least 25 percent over the last month and then settled into a tight consolidation whose lows keep rising, hugging the average price of the last ten trading days (no more than 3 percent away) while trading clearly dries up — the current week brings at most 70 percent of the prior week’s volume. Price has to be above 3 dollars and average daily turnover above 2 million dollars. The original thresholds are loosened slightly here, otherwise the list would sit empty on some days. Only shares our own deep-dive analysis rates green are bought — yellow or no analysis at all is not enough. The check and any new purchase happen every trading day; a position is sold as soon as the price falls 15 percent below its highest level since purchase, the share is no longer rated green, or the share drops off the list. If the list holds no green-rated share, the portfolio stays in cash.

This portfolio buys shares.