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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 | |
---|---|---|---|---|---|---|
ZYUS | D | 1.050 | 5.00 | 62,000 | 7.17 | |
WINS | D | 0.140 | 7.69 | 216,332 | 5.46 | |
WI | A | 0.570 | 5.56 | 229,000 | 3.90 | |
IGX | C | 0.260 | 8.33 | 63,510 | 3.48 | |
VUX | B | 0.350 | 18.64 | 147,900 | 3.27 | |
CXI | A | 26.510 | 2.24 | 10,189 | 2.01 | |
HLPR | A | 25.950 | 0.04 | 2,063 | 1.48 | |
EFF | C | 0.020 | 33.33 | 84,000 | 0.75 | |
GDP | B | 0.180 | 5.88 | 16,500 | 0.69 | |
LMR | C | 0.020 | 33.33 | 237,500 | 0.67 | |
OSI | A | 1.830 | 0.55 | 400,333 | 0.65 | |
RARE | A | 0.165 | 6.45 | 35,311 | 0.63 | |
SGQ | A | 1.150 | 8.49 | 3,675 | 0.18 | |
BMM | A | 0.640 | 10.34 | 6,500 | 0.13 |
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