This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I spent some time this weekend trying to understand exactly what I was looking for with my NR7 scan. Jamie pointed out an article by Alan Farley that also helped. I want to see a stock that is unusually active, with a big range expansion, that contracts as narrowly as possible on declining volume, making the coiled spring. I made a refinement to my filters to narrow down the NR7’s from 100 to about 5-10 on average. Read the rest of this entry »

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com