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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 | |
---|---|---|---|---|---|---|
BRT | B | 19.88 | 2.63 | 662,430 | 14.10 | |
SAMT | B | 30.53 | 0.04 | 75,353 | 13.06 | |
DECT | A | 32.35 | 0.03 | 16,285 | 6.20 | |
XIDE | A | 30.30 | 0.02 | 3,616 | 2.61 | |
UFEB | A | 33.09 | 0.10 | 8,634 | 2.60 | |
CLST | B | 11.71 | 0.52 | 21,082 | 2.48 | |
LARK | B | 23.22 | 0.22 | 3,793 | 2.32 | |
FWONK | A | 87.89 | 4.42 | 1,970,275 | 1.97 | |
ANEW | A | 46.51 | 0.80 | 711 | 1.94 | |
SILC | C | 14.96 | 5.17 | 25,603 | 1.86 | |
CBL | A | 30.57 | 2.65 | 259,421 | 1.34 | |
CCCS | A | 12.74 | 2.17 | 3,802,163 | 1.29 | |
FCEF | A | 22.26 | 0.26 | 9,803 | 1.28 | |
IBCP | B | 38.87 | 0.96 | 109,633 | 1.10 | |
FUSI | A | 50.86 | 0.06 | 595 | 0.99 | |
FULT | B | 21.99 | 1.76 | 1,525,711 | 0.98 | |
SFST | B | 44.86 | 1.93 | 18,019 | 0.92 | |
SAY | A | 25.21 | 0.36 | 3,195 | 0.92 | |
CAML | B | 34.98 | 0.06 | 32,723 | 0.92 | |
CUB | C | 10.05 | 0.13 | 36,804 | 0.87 | |
XHLF | B | 50.30 | 0.02 | 153,595 | 0.62 | |
XDJL | A | 34.90 | 0.25 | 1,053 | 0.53 | |
USCA | A | 37.84 | 0.33 | 3,202 | 0.03 | |
FRLA | A | 12.00 | 7.91 | 140 | 0.01 |
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