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Stocks Making: Reversal New Highs Setup on
Rules (via 'Hit & Run Trading II'):
As always, the stock should be priced at more than $30 per share. The higher the price, the better
Today the stock must do all of the following:
For the buy: tomorrow only, buy 5 cents above today's high and risk 1 point.
Use a trailing stop and stay in the position until you are stopped out. This can be as short as a few hours to as long as a few days.
- It must trade under yesterday's low.
- It must then trade above yesterday's high (in other words, form an outside day).
- Today's range must be the largest range of the past five days, and today the stock must make a new 60-day high.
-
Related Scans:
Swing Setup
Bullish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
BH.A | B | 917.50 | 4.26 | 628 | 7.95 | |
NPWR | B | 11.33 | 24.64 | 2,218,105 | 4.14 | |
BTRN | B | 33.22 | 3.09 | 928 | 3.67 | |
DPCS | B | 13.44 | 12.00 | 11,035 | 1.52 | |
OAKU | A | 11.27 | 0.00 | 26,225 | 1.35 | |
PENN | B | 21.54 | 5.28 | 4,188,608 | 1.32 | |
HFND | A | 22.83 | 0.59 | 6,631 | 0.99 | |
LRGE | A | 77.32 | 0.20 | 8,603 | 0.70 | |
ALFUU | C | 10.29 | 2.13 | 8,356 | 0.60 | |
WTMF | B | 35.70 | 0.79 | 20,003 | 0.45 | |
XIDE | A | 30.26 | 0.02 | 255 | 0.18 | |
ANSC | B | 10.43 | 0.29 | 21,611 | 0.09 | |
IPXX | B | 10.81 | 0.09 | 4,517 | 0.03 |
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