CANSLIM Scan Criteria

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    AvatarDavid
    • Topics: 19
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    Has anyone already developed a scanner code for the CANSLIM criteria?

    Stocks that match the canslim criteria

    C – Current Quarterly Earnings (QoQ > 25%)

    A – Annual Earnings Growth (YoY > 25%, ROE > 17%)

    N – New Product, Service, Management or Price High

    S – Supply and Demand

    L – Leader or Laggard (RS)

    I – Institutional Sponsorship

    M – Market Direction

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    The CANSLIM Criteria

    1. Current earnings: current quarter EPS must show growth above a certain level
    2. Annual earnings: should’ve increased for 3 consecutive years & ROE above a level certain
    3. New: any new developments around the stock (e.g. new products, new management, etc.)
    4. Supply and demand: this ensures selection of stocks that are in high demand – shares outstanding below a certain level (e.g 25 million) or high trading volume in comparison to the 3-month average are often used
    5. Leader or laggard: use the Relative Price Strength to identify the industry leading stocks that have outperformed at least 80% of its peers
    6. Institutional sponsorship: a stock should have a minimum level of institutional ownership, and a recent increase in the number of institutional investors is considered a positive sign
    7. Market direction: most stocks tend to follow the general market, and as such we should invest during times of definite uptrends as measured by the 50-day moving average
    • This topic was modified 2 weeks ago by AvatarDavid.
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