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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 | |
---|---|---|---|---|---|---|
CFP | B | 18.290 | 7.34 | 488,813 | 1.96 | |
CSW.B | B | 12.680 | 1.04 | 10,300 | 1.69 | |
CRED | A | 20.200 | 0.20 | 5,000 | 1.58 | |
PFLS | A | 18.910 | 0.21 | 5,590 | 1.15 | |
CCEI | A | 27.560 | 0.11 | 1,492 | 0.80 | |
HPR | A | 9.070 | 0.89 | 25,525 | 0.77 | |
QCLN | B | 16.260 | 2.91 | 900 | 0.61 | |
RX | A | 11.700 | 4.00 | 5,017 | 0.60 | |
SYLD | A | 19.300 | 0.26 | 1,000 | 0.26 |
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