Having recently completed (beta-phase) development of the tradepilot stock screener, I wanted to share a popular screening idea - combining both fundamentals and technicals - to capture potentially undervalued companies (stocks with a current market capitalization below book value), trading up on strong (more than 150% x average) relative volume. Put another way - to discover potentially undervalued stocks currently in-play... Using fundamentals alone in my view provides limited opportunities - often stocks remain below book value, or at a low P/E (or P/FCF or P/Book) ratio for a reason. And most of us are not privy to timely/live news/releases which move the value (share price) of these companies. However, what is possible for traders - and forms the basis of the strategy - is to (automatically) track the daily price and volume activity within these select stocks. To do this, traders can combine both fundamental stock screener rules (to identify potentially undervalued businesses - in this instance, stocks trading below book value) together with a technical 'radar' - additional screening-rules to capture positive price activity, backed by strong (150% x average) volume... Screen Rules: Stocks Below Book Value Trading Up On Strong Volume 1: Market Sector: Any Sector (Excluding Financials) 2: Market Capitalization > $50 million 3: Average Daily Volume > 30,000 shares/day 4: Volume Spike > 150% x Avg-Volume 5: Intraday Price Change > 0% (Positive) 6: Price/Book Ratio < 1.0 7: Liabilities/Assets Ratio < 1.0 Results (10/24/2014) are ranked (sort-ordered) by highest volume spike... Traders can view the above ready-to-go stock screen with the most up-to-date results, directly at the site (simply bookmark the page URL). Users can also add/edit/tweak any of screening rules and develop their own fundamental/technical mix screening strategies. Shiraz Lakhi Investor / Founder: tradePilot.com