Stocks Making: Hot IPO Pullback on
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.
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Related Scans:
IPO
Pullback
Swing Setup
Bullish
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
NOVC | F | 2.620 | -2.96 | 52,319 | 1.12 | |
G | D | 2.500 | -2.34 | 27,979 | 0.79 | |
CARE | C | 17.280 | 0.82 | 168,728 | 0.78 | |
APM | D | 1.290 | -0.77 | 20,510 | 0.56 | |
BRMI | F | 8.520 | 0.12 | 6,283 | 0.40 | |
TRBE | C | 4.750 | -1.04 | 2,101 | 0.17 | |
MFG | C | 1.870 | -1.58 | 24,505 | 0.15 | |
ZAC | C | 1.250 | -3.85 | 46,509 | 0.14 |
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