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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 | |
---|---|---|---|---|---|---|
TGI | D | 14.12 | 21.20 | 5,504,014 | 5.49 | |
NMRA | B | 15.40 | 7.62 | 1,512,897 | 2.06 | |
WEN | B | 18.03 | 2.50 | 5,798,247 | 1.97 | |
DASH | A | 144.49 | 1.29 | 5,658,469 | 1.56 | |
IOT | A | 50.61 | 5.59 | 5,007,120 | 1.36 | |
STRL | A | 155.35 | 0.82 | 291,298 | 0.97 | |
BILL | D | 55.80 | 1.96 | 1,604,114 | 0.83 | |
DAY | B | 62.38 | 0.87 | 664,262 | 0.48 |
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