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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 | |
---|---|---|---|---|---|---|
NVEI | A | 47.870 | 0.27 | 1,095,335 | 12.82 | |
FLX | A | 7.390 | 0.68 | 5,700 | 3.98 | |
ROOT | C | 2.260 | 4.15 | 12,400 | 2.93 | |
BOFA | A | 24.370 | 1.88 | 12,637 | 1.14 | |
BRK | A | 35.540 | 0.62 | 40,708 | 0.68 | |
DRFU | A | 37.190 | 0.13 | 300 | 0.64 | |
IGBT.UN | A | 10.480 | 1.26 | 4,100 | 0.58 |
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