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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 | |
---|---|---|---|---|---|---|
CAI | C | 0.020 | 33.33 | 137,000 | 10.18 | |
MIR | C | 0.095 | 18.75 | 232,055 | 3.92 | |
HLPR | A | 26.860 | 0.19 | 14,200 | 2.82 | |
MIVG | A | 33.270 | 0.48 | 1,841 | 2.06 | |
SYZ | A | 10.830 | 5.66 | 58,900 | 1.67 | |
MNY | B | 100.410 | 0.03 | 15,800 | 1.54 | |
EAM | B | 0.280 | 7.69 | 141,520 | 0.97 | |
TINF | A | 19.590 | 0.98 | 4,075 | 0.88 | |
NPS | B | 12.860 | 3.71 | 3,457 | 0.83 | |
ALC | B | 14.750 | 2.43 | 10,900 | 0.79 | |
MRD | A | 11.820 | 0.68 | 6,200 | 0.57 | |
CTZ | B | 1.020 | 2.00 | 5,600 | 0.47 | |
POR | C | 0.045 | 12.50 | 21,500 | 0.12 | |
XPF | A | 15.070 | 0.16 | 1,800 | 0.11 |
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