Last week was one of the rare occasion this year where I manage to identify a potential superstock. AUDC was shortlisted as a potential supe...

Weekly Superstock Scan 6 Aug 2018 - 10 Aug 2018: Nil

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Last week was one of the rare occasion this year where I manage to identify a potential superstock. AUDC was shortlisted as a potential superstock, but I was unable to buy the stock at last week's closing price. At the start of the week, AUDC gapped above its closing price of last week, and for the rest of the week, it did not touch last week's closing price. As I placed a limit order at last week's closing price, I missed the trade.



This week, there were a number of stocks from the US market that passed the technical screen. They are ASRV, DLNG, GLAD, OXBR and TEI. Of these, ASRV also passed the fundamental screen. However, ASRV is a company in the financial industry, which is traditionally not a superstock sector. After reading its recent release, I also cannot find a potential catalyst that may lead to a spike in stock price in the near future. Moreover, I already had a financial stock - UCFC in my superstock portfolio currently, so I am not prepared to be overweight in the financial sector.


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