How to find stock with big catalyst
Information about earnings surprise is also easily and freely available. You can find it here: Earnings Surprises
They are expensive and cost around 100 dollar for Marketsmith and around 65 dollar for theflyonthewall. For me that is not a big expense as the total capital I trade is in 7 figures. But for small trader it can be big cost. You can use free tools like Zacks, Finviz, Seeking Alpha to do same thing . That requires certain compromise and requires more effort.
Another tool I use is Trade Ideas scanner. I scan for Biggest Gainers in pre market you can find stocks up on volume using the above scan.
When looking for Game changing catalyst stock in pre and after hours I am always looking for situation that is likely to result in explosive move in short period of time. During peak earnings season there is always a temptation to look at every earnings, many of them are just day trade or few days swing trades. They are not real game changers.
A genuinely surprising earnings in most cases leads to big gap up and huge pre market volume. A stock up in pre market on below 50k volume is not what you want to focus on. Similarly a large cap up on 50k volume is also not important.
If you have IBD subscription you can use it to find such find big game changer candidates. Big catalyst stories show up on front page. If you do nothing but just focus on stock highlighted on front page on earnings day and research them you will probably find 3 to 5 big winners in a year. In some market conditions you will find 20 to 30 good winners.
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Source: http://stockbee.blogspot.com/2014/07/how-to-find-stock-with-big-catalyst.html
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