The October AAII Stock Screens Update is now available online.
September wasn’t an excellent month for many stock screens, or markets in general. However, several AAII stock screens are up year-to-date, including the CAN SLIM Revised screen.
The CAN SLIM approach is presented by William O’Neil, publisher of Investor’s Business Daily, in his book titled “How to Make Money in Stocks: A Winning System in Good Times or Bad” (McGraw-Hill, 2002).
The second edition of “How to Make Money in Stocks” presented a stock selection approach developed by studying 500 of the biggest stock market winners from 1953 to 1993. The CAN SLIM approach presented in the book was based upon the characteristics that these winning stocks possessed prior to their big price run-ups. Each letter in the CAN SLIM acronym represents characteristics that O’Neil observed in winning stocks:
- C – Current quarterly earnings
- A – Annual earnings increases
- N – New products, new management, new highs
- S – Supply and demand
- L – Leader or laggard
- I – Institutional sponsorship
- M – Market direction
The CAN SLIM Revised screen is very similar to the original CAN SLIM screen, with variations regarding the float market capitalization requirement, sales growth, relative strength rank and institutional shares purchased or sold.
For more information about the CAN SLIM Revised screen check out:
AAII Journal article: “How to Use the CAN SLIM Approach to Screen for Growth Stocks”
Computerized Investing article: “The CAN SLIM Approach: Revising a Screen”
For more information about each of the CAN SLIM metrics, the criteria used in the Stock Investor Pro database, and the passing companies list, check out the link below:
The screen overview is provided on the main page, with performance data, current passing companies, screening criteria and performance charts available on separate tabs.