One of my readers asked me today about the best CANSLIM stock screener. While there are plenty of paid services out there, the best way to screen for CANSLIM stocks is just by subscribing to the Investor's Business Daily. The IBD was created by the man who invented the strategy and he developed the screens in the paper and on investors.com to find the best stocks to fit his strategy.
In the paper, you'll find the following screens that will help you:
- Stocks in the News
- Stocks on the Move
- Timesaver table
- New highs
- Stocks just out of bases
- Screens of the day
- Weekly stocks on the move (published on Monday)
- IBD 100 (published on Monday)
- IBD 200 (published on Thursday)
- IBD Big Cap 20 (published on Tuesday)
- Weekly review (published on Friday)
- Top mutual fund buys (published the first week of the month)
These are the screens that I'll be relying on for my Buying Stocks: A Case Study. If you are just starting your stock market investing program, you'll want to use these screens to find great CANSLIM stocks.
Screening for stocks is the first step. Once you find stocks that appear on these screens, you'll want to review the stocks fundamentals and stock charts to see if it's been forming a proper base.
Finding stocks this way, is really fun when you find them. There is a learning curve to master the CANSLIM strategy. I encourage you to read How to Make Money in Stocks and all of the complete help center on investors.com.
In addition, you might find it helpful to subscribe to the Daily Graphs package because you can setup customized screens. For help doing that, you might want to check out stock tips from chrisperunna.com. He's done a good job of laying out exactly how he uses that service. Personally, I subscribe to the eTables service so I can export the stock's ticker symbols into a spreadsheet and copy and paste them into my watch lists.
While you'll find other screeners out there that will help you find CANSLIM stocks, the IBD is the place to start. Good luck!
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