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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 | |
---|---|---|---|---|---|---|
OMC | A | 105.49 | 1.41 | 3,031,194 | 2.51 | |
FI | A | 197.70 | 1.90 | 2,611,636 | 1.19 | |
AKRO | C | 31.05 | 3.74 | 519,710 | 1.08 | |
ACN | B | 372.26 | 0.98 | 2,110,709 | 0.96 | |
VSCO | C | 28.18 | 6.62 | 2,393,079 | 0.87 | |
INVA | A | 20.21 | 1.66 | 402,840 | 0.85 | |
TILE | A | 19.87 | 3.44 | 459,499 | 0.84 |
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