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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 | |
---|---|---|---|---|---|---|
MDU | A | 30.28 | 3.98 | 4,378,437 | 2.04 | |
HON | A | 222.02 | 1.13 | 4,033,458 | 1.59 | |
BSX | A | 88.07 | 1.91 | 6,304,231 | 1.31 | |
OGE | A | 41.15 | 1.43 | 1,002,339 | 1.12 | |
FIS | A | 90.95 | 1.15 | 2,290,307 | 0.86 | |
ETR | A | 135.28 | 0.48 | 997,035 | 0.68 |
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