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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 | |
---|---|---|---|---|---|---|
NVDH | B | 13.180 | 0.69 | 93,300 | 5.11 | |
NVDH.U | B | 12.880 | 0.70 | 8,100 | 3.29 | |
YNVD | B | 45.270 | 1.41 | 184,773 | 2.69 | |
HFR | A | 10.060 | 0.15 | 33,600 | 1.74 | |
HCA | A | 24.030 | 0.46 | 5,100 | 1.67 | |
NPS | B | 13.950 | 1.09 | 5,300 | 1.65 | |
ZEB | A | 42.540 | 0.54 | 1,989,700 | 1.40 | |
PWI | A | 10.150 | 2.42 | 15,664 | 1.24 | |
ZWB | A | 20.090 | 0.55 | 148,005 | 1.23 | |
BKCL | A | 20.130 | 0.50 | 25,637 | 1.04 | |
HCAL | A | 25.290 | 0.84 | 31,600 | 0.82 | |
XEI | A | 28.140 | 0.64 | 65,600 | 0.67 | |
XDIV | A | 31.150 | 0.65 | 63,000 | 0.61 |
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