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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 | |
---|---|---|---|---|---|---|
ESI | C | 26.91 | 9.21 | 7,615,358 | 6.38 | |
LAD | A | 335.31 | 10.10 | 964,924 | 3.60 | |
PB | A | 73.32 | 1.02 | 1,332,254 | 2.64 | |
T | A | 22.49 | 4.60 | 71,772,776 | 2.38 | |
ADC | A | 76.68 | 2.09 | 1,547,728 | 1.77 | |
PTCT | A | 42.48 | 8.04 | 1,167,510 | 1.76 | |
GEV | A | 279.88 | 1.25 | 4,222,938 | 1.62 | |
CAVA | A | 136.56 | 0.21 | 1,510,091 | 0.48 |
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