There is no potential superstock again this week. There were a few promising stocks from the US market, but ultimately none of them passed t...

Weekly Superstock Scan 30 April 2018 - 4 May 2018: Nil

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There is no potential superstock again this week. There were a few promising stocks from the US market, but ultimately none of them passed the stringent criteria of becoming a potential superstock.



EBIO, PCMI and TZOO all passed the technical scans. EBIO is a pharmaceutical company, so by definition it is unlikely to see consecutive quarters of EPS growth. PCMI and TZOO too passed the technical screen but did not pass the fundamental screening. TZOO especially had a very convincing breakout last week but it had a few consecutive quarters of EPS fall.

This week, I will be exiting out of my positions in ULBI and CRNT. These two stocks failed to sustain the momentum from the breakout and has closed below the 10wMA last week.


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