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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 | |
---|---|---|---|---|---|---|
ECN | C | 2.350 | 14.08 | 705,984 | 3.34 | |
FXM | A | 25.010 | 0.08 | 6,267 | 3.13 | |
GGD | C | 1.550 | 4.73 | 1,150,921 | 2.43 | |
PBI.B | A | 57.970 | 0.31 | 400 | 1.16 | |
PBI | A | 45.360 | 0.55 | 501 | 1.15 | |
HSAV | B | 113.650 | 0.09 | 34,317 | 1.11 | |
ZGD | A | 112.000 | 0.87 | 1,564 | 0.66 | |
ESPX | A | 25.310 | 0.32 | 1,416 | 0.50 |
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