Stocks Making: Hot IPO Pullback on 11/12/2018

Rules (via 'Hit & Run Trading II'):
  • Stock must trade at least 15% above its offering price within its first five days of trading.
  • Then wait for a two - to - four day pullback. This could be any combination of lower lows, lower closes, inside days, etc.
  • After the second, third or fourth pullback day buy 5 cents above the previous day's high.
  • Place your initial protective stop at the previous day's low.
  • Hold the position from one to five days using trailing stops.
    1. Related Scans: Pullback Swing Setup Bullish IPO

    Symbol Grade Close % Change Volume Vol Surge
    ALYA 4.900 -2.00 19,900 1.17

    Related Scans: Pullback Swing Setup Bullish IPO
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