Invalid date chosen. Displaying data for the latest date instead.
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 | |
---|---|---|---|---|---|---|
OSPN | A | 16.67 | 3.99 | 678,842 | 1.67 | |
RNR | A | 272.40 | 1.11 | 423,079 | 1.37 | |
TPC | A | 27.16 | 5.11 | 548,536 | 1.14 | |
CSCO | A | 53.22 | 0.38 | 17,807,608 | 0.93 | |
SIGI | D | 93.30 | 1.74 | 338,447 | 0.82 |
Popular Now
Recent Comments
- LillyMilly1 on LILM
- TraderMike on RYDE what a RIDE!!! Holy Crap!
- Crunching_The_Market on RYDE what a RIDE!!! Holy Crap!
- LillyMilly1 on LILM
- TraderMike on Bollinger Band Squeeze
From the Blog
Featured Articles