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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 | |
---|---|---|---|---|---|---|
SHUS | A | 43.07 | 0.02 | 46,533 | 16.19 | |
GPOW | A | 51.25 | 1.37 | 1,136 | 8.06 | |
FRMEP | A | 25.52 | 0.18 | 6,821 | 6.44 | |
ENJ | B | 23.92 | 3.14 | 5,732 | 2.35 | |
ETEC | B | 22.86 | 0.65 | 672 | 2.07 | |
LW | D | 66.58 | 2.57 | 6,761,502 | 1.97 | |
XOMAP | A | 26.36 | 0.30 | 3,669 | 1.70 | |
DTM | A | 81.48 | 3.34 | 589,735 | 0.95 | |
RCEL | D | 11.01 | 4.36 | 127,961 | 0.92 | |
DOX | B | 88.03 | 0.74 | 500,565 | 0.83 | |
GYLD | A | 13.60 | 0.59 | 2,707 | 0.79 | |
TPMN | B | 23.99 | 0.05 | 1,318 | 0.56 | |
QETA | B | 10.41 | 0.10 | 8,302 | 0.19 |
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