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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 | |
---|---|---|---|---|---|---|
TGH | A | 1.150 | 15.00 | 3,078,342 | 24.90 | |
EIF | A | 52.870 | 3.95 | 235,200 | 2.71 | |
XTD | C | 2.450 | 2.08 | 19,600 | 1.19 | |
LCS | A | 8.590 | 0.70 | 13,200 | 0.40 | |
IAG | A | 113.500 | 0.36 | 106,900 | 0.31 |
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