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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 | |
---|---|---|---|---|---|---|
ANSC | B | 10.39 | 0.34 | 1,719,556 | 4.84 | |
JD | A | 47.08 | 0.23 | 34,605,858 | 1.81 | |
MIR | A | 11.57 | 4.80 | 1,666,541 | 1.42 | |
OC | B | 181.42 | 5.47 | 868,159 | 1.21 | |
HUBB | A | 438.43 | 2.03 | 491,272 | 1.21 |
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