Screening For Bargains On Black Friday
Since American retailers traditionally offer deals on the day after Thanksgiving ("Black Friday"), it seemed fitting to see if the stock market was offering any too. The main metric I used to screen for deals was Chartmill's overall valuation rating. I used that, because it incorporates several measures of valuation, including Price/Earnings (P/E), Forward P/E, Price/Book, and PEG (P/E divided growth rate).
Setting Up The Screen
To make sure I wasn't picking up a bunch of "cheap for a reason" stocks, I added a few other technical...
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