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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.
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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 | |
---|---|---|---|---|---|---|
MI.UN | B | 15.520 | 1.04 | 283,701 | 3.04 | |
BEI.UN | A | 72.010 | 2.24 | 154,381 | 1.39 | |
KMP.UN | B | 17.950 | 1.01 | 150,551 | 0.88 | |
FIL | C | 21.200 | 2.61 | 137,173 | 0.81 | |
NVEI | C | 32.310 | 5.48 | 354,281 | 0.68 |
Recent Comments
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