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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 | |
---|---|---|---|---|---|---|
AE | A | 0.720 | 12.50 | 632,604 | 3.80 | |
ADD | A | 0.035 | 40.00 | 1,496,600 | 2.97 | |
ARH | C | 0.055 | 37.50 | 145,000 | 1.53 | |
ILC | C | 0.030 | 20.00 | 33,250 | 0.70 | |
CONE | B | 0.020 | 33.33 | 5,500 | 0.05 |
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