eSignal Market Scanner - Hot Groups Scan

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esignal market scanner - hot groups scan

what is the hot groups scan?
hot groups scan automatically scans the entire market to display trading opportunities by sector in real time. (information is displayed in a pyramid format with colors denoting best-to-worst opportunities.) set the minimum number of stocks per sector to give you the best results. drill down to view companies that make up each sector to zone in on stocks of interest. plus, access charts, news and company research to learn more about each potential trading opportunity.

how to add the hot groups scan scanner to your services
the hot group scan is included in both the power and turbo packages. both packages require subscription. please click here for price information. you can add this service through account maintenance. for hot group data for nasdaq, you must add the nasdaq exchange to your services.

the hot group scan can be open within the esignal program by going to file > new > scan from the main menu bar. 

select hot group scan in the upper left hand corner of the scan window.

sector - emphasizes all industry groups belonging to a specific sector. 

auto rotate - automatically rotate the highlight among all available sectors.

min group size - the minimum number of stocks in an industry group (after filtering) for that industry group to scan.

all stocks
ipo(<2 wks)            stocks that have ipo'd within the last 2 weeks
ipo(2 wks - 3 mos)    stocks that have ipo'd between 2 weeks and 3 months ago
ipo(3 mos - year)     stocks that have ipo'd between 3 months and 1 year ago

min/max price - tells the scan to only consider those stocks that fall between these prices. remember, if the filters eliminate enough stocks to reduce the number of stocks in an industry group below the min group size then that industry group will not be displayed in the hot scan.

min/avg volume - the min volume is used to select stocks whose daily traded volume exceeds the specified value. for example: if min volume is set to 100k, this means a stock has to trade over 100,000 shares to be included in the scan.

The Avg Volume is used to select stocks whose last 20 day average volume exceeds the specified value. For example: If Avg Volume is set to 2000k, this means a stock has to trade over 2,000,000 shares average per day over the last 20 days to be included in the scan. Helpful for weeding out very thinly traded stocks whose movements are not supported by sufficient volume for trading.

Auto Refresh - Forces the database to be re-scanned in the selected interval.  A countdown timer is also displayed to let you know how long is left until this occurs.

Scanner Instructions and Descriptions
For complete descriptions of each field in the Market Scanners, click on the HELP button located in the Browser Version on each Scanner page, or visit this KB article.

Use our Market Scanner to spot trading opportunities
Our real time market scanner searches the entire market in a matter of seconds based on the criteria you entered.  The scanner lets you access critical price performance data as soon as the markets are open.  Every time you run the scanner, you get a concise, easy-to-read list of stocks that are trading candidates.  And, the list is based on the latest real time streaming market data!

Please click on the link below to access the various eSignal Market Scanner Strategies.

*Please note that the scanner only scans the market for US stocks.