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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 | |
---|---|---|---|---|---|---|
ASTL | A | 16.650 | 5.98 | 216,500 | 3.23 | |
PRL | A | 39.660 | 7.31 | 360,700 | 2.53 | |
STC | A | 9.070 | 6.21 | 37,600 | 2.07 | |
SES | A | 16.770 | 1.21 | 1,017,700 | 1.52 | |
EMP.A | A | 41.900 | 0.96 | 641,442 | 1.50 | |
CYBN | C | 15.520 | 12.06 | 17,167 | 1.00 |
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