Momentum screeners and their backtested results
Some of my favorite screeners I created on EquitiesLabs.com are based on the mid- and long-term Awesome Oscillator ((AO)) values, together with some 4-5 other criteria, both fundamental and technical. This article will combine some of the stocks which were proposed by both screeners: the weekly AO setting for mid-term opportunities and the monthly AO setting for long-term opportunities.
Backtest for the weekly AO setting produced the best results when 5 top stocks are purchased in March, September, November, and December for the 1-year holding period. In actuality, the