Top fishing (52-weeks high list) trading strategy

1. To pick stocks from the latest 52-weeks hight list.
2. Select stock price range from $20 to $50 per share.
3. Trading Volume > 200,000.
4. PE ratio < 50.
5. Avoid the very big market capitalization stock (market cap. < $5 billion).
6. Check out 6 months' stock chart - select stock have a clear tendency for a clear trend.
7. Avoid "defensive" stocks, like unitility, precious metals, food, oils, REIT etc.
8. Wee out take over situations.
9. Good earning growth rate > 10% and high ROE > 15%.
10. Diversifty among industry groups.