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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 | |
---|---|---|---|---|---|---|
VSAC | A | 11.65 | 0.95 | 305,701 | 20.08 | |
BBGI | C | 13.64 | 3.72 | 34,328 | 4.85 | |
MDV | A | 17.92 | 4.73 | 97,197 | 2.88 | |
GSHD | A | 108.13 | 12.60 | 641,815 | 2.54 | |
OPOF | A | 19.70 | 1.67 | 7,205 | 2.39 | |
TCBS | A | 14.99 | 0.26 | 5,092 | 1.60 | |
NDAQ | A | 75.24 | 1.80 | 4,003,175 | 1.59 | |
NCNO | A | 38.25 | 1.86 | 1,700,863 | 1.28 | |
TFLO | A | 50.58 | 0.02 | 1,351,120 | 0.85 | |
FRA | A | 13.88 | 1.17 | 95,422 | 0.79 | |
NBOS | A | 26.41 | 0.34 | 21,203 | 0.66 | |
USFR | A | 50.42 | 0.04 | 2,617,061 | 0.65 | |
XNOV | A | 33.76 | 0.01 | 1,758 | 0.10 |
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