Selection Criteria for Stocks that Go Parabolic

z482493

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I am in love with stocks that are able to make explosive moves. This concept are mentioned in many books and websites: Nicolas Darvas's "How I Made $2 Million in the Stock Market", William O'Neil's classic book " How to make money in stocks", etc.

I am impressed with the concept but having difficulty to narrow down the right candidates.

Personally I am using the following as my selection criteria:
Min Price=$4
2<CPM<5
Vol%=>250%
New High selected...
New 5 Years Highs are preferred

But the results are not as good as I expected, anyone here mind to share his/her "High Momentum Search Strategy"?

Thanks in advance!
 
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