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 | |
---|---|---|---|---|---|---|
AS | A | 20.67 | 5.78 | 7,631,687 | 3.53 | |
CPA | A | 107.25 | 4.23 | 560,581 | 1.97 | |
TOST | A | 42.50 | 6.73 | 13,182,593 | 1.97 | |
GEO | A | 28.40 | 7.66 | 4,087,831 | 1.21 | |
REZI | A | 26.12 | 2.03 | 940,842 | 0.95 | |
NJR | A | 48.74 | 0.60 | 427,522 | 0.94 | |
CCL | A | 25.13 | 2.53 | 25,760,488 | 0.90 | |
UAL | A | 94.26 | 4.29 | 6,872,239 | 0.87 | |
CRS | A | 184.50 | 2.95 | 488,142 | 0.83 | |
CUK | A | 22.70 | 2.02 | 1,470,956 | 0.75 |
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