Fundamental Based Scans

I'm going to be working on including some fundamental component into my trading and scanning.


The starting point has to be CANSLIM I will be using on a future project for "O'Neil" type stocks.

FOOLISH 8  M
The original Foolish 8 strategy uses eight criteria to look for profitable and rapidly growing small companies with strong price momentum. The methodology is partly built on the premise that the lack of coverage and interest in small-cap companies presents a better opportunity to locate undiscovered, attractive investment candidates.

1. Revenues: $500 million or less
2. Earnings and sales growth: 25% or greater
3. Net profit margin: 7% or greater
4. Daily dollar volume: $1 million-$25 million
5. Insider holdings: 10% or greater
6. Share price: $7 or greater
7. Relative strength: 90 or greater
8. Operating cash flow: a positive number

Here's how I created it in TC2K: