Zacks.com Featured Expert Kevin Matras Highlights: Illumina, ONEOK and Ryerson Tull

Business Wire, Jan 24, 2007

CHICAGO -- Kevin Matras goes over a price and volume screen for finding stocks on the move. Stocks in this week's article are Illumina, Inc. (NASDAQ: ILMN), ONEOK, Inc. (NYSE: OKE) and Ryerson Tull, Inc. (NYSE: RYI). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=109

Screen of the Week written by Kevin Matras of Zacks Investment Research:

Here's a simple screen for finding stocks on the move. I use this screen regularly to find which stocks are hot and which are not. This screen looks for stocks with three days worth of increasing prices accompanied by three days worth of increasing volume.

I have found that stocks meeting these criteria have a tendency to continue moving in that same direction. Why? Because price has a tendency to follow volume.

For instance, if a stock is falling on increasing volume, it could be a sign that people are getting out and that new shorts (bets that a stock will go down) are being put on. Likewise, if a stock is moving higher on increased volume, it can be a sign that new buyers are coming in (and maybe with more conviction) while some short sellers may be giving up (buying back their bets for lower prices).

The parameters for this are easy.

* Current Price greater than Price 1 Day Ago

* Price 1 Day Ago greater than Price 2 Days Ago

* Price 2 Days Ago greater than Price 3 Days Ago

* Current Volume greater than Volume 1 Day Ago

* Volume 1 Day Ago greater than Volume 2 Days Ago

* Volume 2 Days Ago greater than Volume 3 Days Ago

And it's applied to stocks that are trading within 20% of their 52-week high. Additionally, they're greater than or equal to $5 and have a minimum of at least 50,000 shares traded daily.

I love this one because instead of focusing on just the biggest gainers (which often are one day events -- that have been missed), this screen spots price momentum AND accumulation. Very bullish signs.

Here are a few of the stocks it picked for Tuesday, 1/23/07:

ILMN  Illumina, Inc.




OKE   ONEOK, Inc.




RYI   Ryerson Tull, Inc.

This screen is available in the Research Wizard by going to:

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Screen
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Open Screen Definition
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Double-click: the SoW folder
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Select: sow_3_days_up_price_vol

Use the Research Wizard to run this screen on your own. Or any of the other proven, profitable strategies that come with the program. And learn how to create and test your own winning trading strategies that tell you when to buy and when to sell. It's easy to do. Sign up now for your two-week FREE trial to the Research Wizard and start making better decisions today. http://at.zacks.com/?id=111

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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