Source: By World Economic Forum from Cologny, Switzerland (Financing Next-Generation Corporations) CC-BY-SA-2.0 (-sa/2. This article discusses the basic concept of stock screening software in a bit more detail, as well as the different types of stock market scanners available to traders, and finally some very important keys to consider when using scanning software. Customizable stock scanning software provides the benefit of being able to highly customize the technical criteria from which to filter your stocks, giving the swing trader full control. However, the downside of customizable stock screening programs is that they often have a relatively steep learning curve and require at least a basic knowledge of programming and/or coding.
For customizable stock scanning, I like to use TC2000 by Worden Brothers This software makes it relatively easy to set your own criteria for scanning and then quickly flip through stock charts of all stocks that meet that custom criteria. Preset stock screeners, on the other hand, are much more user-friendly because they have already been developed with predetermined technical criteria that is designed to find stocks that are following a certain type of pattern. Many experts have shorted Tesla stock hoping that it would go down but it did not.
For most stock traders with beginning to intermediate experience, scanning for stocks with preset options is the way to go. From there, one can gradually work up to more sophisticated stock scanning technology. One of the best preset stock scanners is the MTG Stock Screener, located at: -screener It’s 5 bucks for the first month (trial period), and then $11.95 per month thereafter. Before determining the best type of stock screener to suit your needs, it is also important to know whether you require scanning software that is designed for daytrading or swing trading ( click here for a summary comparison between the two trading styles).
One expert recently said that Tesla stock should be worth $9 a share but it is selling for over $140 a share. Go to Now is a Great Time to Invest in Tesla Stock Also see my article Tesla Motors: The Moral Man’s Victory One thing that the experts do not take into account is what happens when people drive a Tesla car. After they have been driving it, they are so happy with it that they figure that this is going to be the future of cars so they should buy stock in it.
But above you can see the chart for Tesla’s stock and this also attracts more people to buy Tesla stock. It is great to see a stock that is growing slowly at first and then it grows faster and faster. It looks like that in the past year their stock has gone from $80 a share to $260 a share. Tesla scores a 10 out of 10 for price momentum, according to Thomson Reuters Stock Reports data.