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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 | |
---|---|---|---|---|---|---|
GFL | A | 40.11 | 3.32 | 4,044,408 | 2.90 | |
QGEN | A | 45.80 | 2.94 | 1,964,723 | 1.82 | |
SUI | A | 133.20 | 5.11 | 1,126,841 | 1.80 | |
INVA | A | 19.29 | 2.39 | 876,082 | 1.65 | |
EBAY | A | 56.23 | 1.11 | 7,876,800 | 1.62 | |
NFG | A | 59.19 | 1.02 | 789,920 | 1.54 | |
CMS | A | 65.86 | 2.42 | 3,400,327 | 1.53 | |
GIL | A | 41.29 | 1.52 | 965,047 | 1.44 | |
XEL | B | 59.11 | 1.42 | 4,255,682 | 1.44 | |
ES | A | 66.07 | 1.79 | 2,578,130 | 1.24 | |
UMH | A | 18.11 | 1.97 | 487,237 | 1.16 |
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