Like the Jack-In-The-Boxes, Coiled Spring stocks are
those that are quietly sitting around ready to make
a move. They are stocks whose ADX Value has a
value of 12 or below, which is quite rare and happens only once or twice
for any stock in a given year.
This low value indicates that there is no clear winner in terms of upward
(+DI) or downward (-DI) momentum, but one of them will win out
eventually, and usually in a dramatic fashion, so be ready to pounce
The stocks in this screen are sorted in ascending order by the lowest
ADX Value seen for the week, so the stocks at the top of the table are
the ones that are the most directionless and have the potential for the
Stocks in the Coiled Springs screen must satisfy the following requirements:
See Coiled Springs table from several weeks ago.
- Lowest ADX Value seen during the week is 12 or below
FIC was a Coiled Spring stock on Apr24,2001 with an ADX Value of 12. It sprang
forth in a dramatic fashion and jumped over 70% in 3 months.
(As Of Apr24,2001)
A very low ADX Value of 12
(As of Jul16,2001)
It advanced 71% in about 3 months