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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 | |
---|---|---|---|---|---|---|
OI | D | 13.36 | 14.97 | 6,708,539 | 3.50 | |
SXC | A | 11.70 | 7.64 | 1,658,173 | 2.98 | |
GEHC | C | 84.63 | 2.40 | 8,043,184 | 2.89 | |
BA | D | 190.60 | 2.00 | 15,398,583 | 2.52 | |
TAK | C | 13.88 | 1.68 | 4,490,799 | 2.33 | |
RITM | B | 11.61 | 0.69 | 6,292,310 | 2.09 | |
SHOO | B | 45.34 | 1.98 | 1,297,223 | 1.89 | |
AAT | B | 26.52 | 2.71 | 573,506 | 1.86 | |
EA | B | 150.94 | 1.22 | 4,404,024 | 1.85 | |
TKR | C | 86.95 | 1.62 | 813,375 | 1.81 | |
GTES | B | 18.59 | 4.85 | 6,337,549 | 1.73 | |
CP | C | 83.82 | 2.07 | 3,422,421 | 1.56 | |
FYBR | A | 29.30 | 2.41 | 1,798,241 | 1.40 | |
SKM | A | 22.43 | 1.40 | 329,489 | 1.22 | |
BERY | B | 65.72 | 1.42 | 1,077,233 | 1.09 | |
HUBG | B | 46.77 | 1.04 | 382,883 | 1.01 | |
MATV | B | 19.09 | 2.63 | 309,610 | 0.76 |
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