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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 | |
---|---|---|---|---|---|---|
CHSN | C | 14.81 | 387.17 | 14,184,840 | 33.50 | |
MLTX | C | 55.28 | 6.31 | 2,664,200 | 8.17 | |
GYLD | A | 13.71 | 0.44 | 12,285 | 3.44 | |
PSCQ | A | 26.09 | 0.45 | 6,573 | 2.89 | |
UZF | A | 22.53 | 1.44 | 89,668 | 2.08 | |
ZHDG | A | 20.37 | 0.16 | 22,411 | 1.89 | |
MAGA | A | 49.23 | 0.60 | 1,527 | 1.52 | |
TEAF | A | 13.19 | 0.84 | 35,809 | 1.09 | |
CUBB | A | 20.70 | 1.17 | 4,093 | 1.07 | |
ISD | A | 14.10 | 0.93 | 141,950 | 1.05 | |
GLST | B | 11.59 | 2.20 | 6,736 | 0.95 | |
BAMD | B | 32.76 | 0.43 | 6,944 | 0.59 | |
PTL | A | 214.24 | 0.78 | 4,087 | 0.57 | |
BWSN | A | 24.03 | 0.38 | 6,648 | 0.44 | |
SCCE | A | 22.29 | 1.18 | 2,580 | 0.40 | |
HTIBP | B | 15.98 | 0.60 | 2,374 | 0.17 | |
EVE | D | 11.12 | 0.18 | 1,141 | 0.14 | |
BRKH | A | 11.31 | 0.27 | 521 | 0.03 |
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