Page 504 - How to Make Money in Stocks Trilogy

How I Use IBD to Find Potential Winning Stocks 373

Find Stocks
Once you’ve reviewed the current market conditions, use the “Find Stocks”
tab to look for new investing ideas. Here you’ll find a wide range of idea-
generating screens in addition to those in the IBD print edition.

“Stocks on the Move™”—Learn What the Institutions May Be Buying and Selling as It Happens This is the
online version of the IBD print edition feature. As we’ve mentioned earlier,
just looking at typical most-active lists won’t give you the whole picture. You
need to know about the emerging institutional trades that are beginning to
show promise.
These stocks will appear on this radar screen, which is updated continu-
ously throughout the trading day. You can quickly spot the stocks that insti-
tutions may be moving into—or out of—in a major way as it happens.
Remember that institutional buyers who are taking a position in a stock usu-
ally buy in huge quantities, which may create major volume in the stock.
Nearly every winning stock will show this type of activity at the onset of
its price advance. You don’t want to miss this screen if you are searching for
emerging leaders. Remember that not all the stocks shown on this list will
be winners. It’s important to check further to make sure the stock’s chart
looks sound and the ratings show leadership potential. This is a good way to
spot the breakout of a stock as it is happening or shortly thereafter.

Intraday Volume Percent Change—Another Way to Spot Possible Winners A key element of the online
version of “Stocks on the Move” is the intraday volume percent change. As
we’ve seen, a stock needs support from institutional buying to propel it
further. Volume percentage changes on an intraday basis will tell you—as it
is happening—if a stock is trading above or below its average daily volume
of the last 50 trading days. That’s a sign of institutional buying (or selling)
and a key component of “Stocks on the Move.” You can also get the intraday
volume percent change for any stock you’re looking at on the “Stock
Quotes” page of Investors.com.

“Screen Center” Click on the “Screen Center ” link to pull up the latest “Screen
of the Day.” Each day, there’s a different list that sorts the entire stock
database looking for potentially superior stocks based on important
performance criteria.
To access additional stock lists, click on “Screen Center” in the drop-down
menu within the “Stock Research” tab on the Investors.com home page.
You’ll find more possible ideas from lists including “CAN SLIM Select,”
“IBD 100,” “Sector Leaders,” “Tech Leaders,” and “Long-Term Investor.”
This is a quick way to find leaders and the better possible ideas in different