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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 | |
---|---|---|---|---|---|---|
AMSC | B | 34.14 | 20.59 | 4,558,854 | 3.67 | |
PX | B | 11.68 | 2.82 | 1,171,597 | 3.36 | |
SMR | B | 24.49 | 13.01 | 24,660,933 | 2.54 | |
REZI | A | 24.01 | 10.39 | 2,082,378 | 2.33 | |
ZI | C | 11.99 | 1.87 | 12,801,396 | 2.16 | |
BL | C | 60.37 | 1.55 | 1,268,255 | 2.02 | |
RBA | B | 91.86 | 2.82 | 1,554,292 | 1.99 | |
NWSA | B | 29.52 | 1.23 | 4,388,274 | 1.92 | |
ATEN | B | 16.20 | 4.79 | 982,763 | 1.92 | |
TVTX | A | 19.85 | 12.40 | 3,981,870 | 1.86 | |
STEP | B | 68.03 | 4.90 | 895,664 | 1.41 | |
MAIN | B | 51.87 | 0.74 | 449,034 | 1.33 | |
VCTR | B | 66.12 | 4.11 | 363,835 | 1.26 | |
RSG | B | 211.59 | 1.69 | 1,011,911 | 1.10 | |
SYRE | C | 39.58 | 5.00 | 428,878 | 0.87 |
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