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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 | |
---|---|---|---|---|---|---|
OGN | A | 1.040 | 4.00 | 693,420 | 5.30 | |
GSY | A | 190.600 | 3.29 | 175,384 | 4.56 | |
XTG | A | 1.270 | 0.79 | 61,100 | 2.16 | |
ENB | A | 51.150 | 1.13 | 11,405,855 | 1.54 | |
CMG | A | 11.400 | 3.45 | 192,624 | 1.50 | |
WN | A | 190.500 | 1.69 | 168,425 | 1.39 | |
PPL | A | 50.080 | 1.27 | 3,333,471 | 1.10 | |
FFN | A | 5.650 | 1.62 | 241,410 | 0.90 |
Recent Comments
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