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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 | |
---|---|---|---|---|---|---|
TUO | C | 1.270 | 15.45 | 195,757 | 3.99 | |
PVF.UN | A | 96.000 | 1.05 | 7,750 | 3.42 | |
VGV | A | 22.840 | 0.13 | 10,648 | 3.07 | |
CGR | A | 31.380 | 0.46 | 7,459 | 2.64 | |
PSB | A | 17.750 | 0.23 | 9,496 | 1.90 | |
XBB | A | 28.570 | 0.11 | 226,161 | 1.64 | |
XQB | A | 19.170 | 0.05 | 7,460 | 1.64 | |
CLG | A | 17.365 | 0.20 | 24,229 | 1.42 | |
CBH | A | 17.800 | 0.23 | 7,600 | 1.13 | |
WSGB | A | 23.220 | 0.17 | 15,332 | 0.98 | |
HRX | A | 31.550 | 0.70 | 107,700 | 0.57 | |
CBO | A | 18.215 | 0.08 | 2,251 | 0.28 | |
RIFI | A | 18.130 | 0.17 | 340 | 0.04 |
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