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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 | |
---|---|---|---|---|---|---|
PHNM | B | 0.300 | 20.00 | 161,200 | 4.83 | |
GDC | A | 2.320 | 7.91 | 17,495 | 2.92 | |
UGE | A | 1.500 | 4.90 | 16,733 | 0.75 | |
RDS | A | 0.180 | 2.86 | 42,900 | 0.47 | |
WRG | A | 3.780 | 0.53 | 6,243 | 0.35 | |
STA | B | 0.035 | 16.67 | 32,326 | 0.34 | |
NMG.H | A | 0.010 | 100.00 | 24,000 | 0.30 |
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