Stocks Making: Hot IPO Pullback on 15/02/2019

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: IPO Pullback Swing Setup Bullish

    Symbol Grade Close % Change Volume Vol Surge
    IBIT 1.240 1.64 61,810 1.75
    PCLO 7.050 -5.11 274,813 0.72

    Related Scans: IPO Pullback Swing Setup Bullish
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