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Two Custom Screens Yield Picks From The Oil Patch
By: Trade Radar   Sunday, January 25, 2009 7:20 PM

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This post looks at the results of combining several of the stock screens that we ran this weekend at TradeRadar.

We executed the usual weekend Alert HQ process (read about this weeks results) and generated several lists of stocks based on our special screens including: Bollinger Band Breakouts, Trend Leaders and Cash Flow Kings (you can download these lists at the Trend Leaders page).

Trend Leaders represents a collection of stocks in strong up-trends. These stocks are registering strong signals using Aroon analysis, DMI and MACD. They are also above their 50-day exponential moving average. To obtain the list of Cash Flow Kings we calculate the free cash flow yield of all the stocks we scan and pick the ones whose yield is 50% or greater.

The "Leadership Screen"

All these screens generate big lists since we run them against essentially the entire stock market. Combining the Trend Leaders and the Cash Flow Kings results in what I think of as the "Leadership Screen" as it brings together those stocks with price momentum and exceptional cash flow yield.

With the market down, this list is quite reduced from what we saw last week - only two stocks made the grade. The list is as follows:

Symbol Name Exchange Last Price Market Cap
SUAI Specialty Underwriters NGM 3.64 56.7M
WNR WESTERN REFINING
NYSE 10.55 721.4M

It seems refiners are doing well lately as last week we had Tesoro (TSO) on the list. This week it is Western Refining (WNR).

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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