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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 | |
---|---|---|---|---|---|---|
FIH.U | B | 15.070 | 1.34 | 88,672 | 3.65 | |
URB.A | B | 5.320 | 2.90 | 31,234 | 2.85 | |
PRQ | B | 1.380 | 0.73 | 83,018 | 2.09 | |
BBD.A | A | 102.650 | 2.31 | 14,756 | 1.09 | |
BBD.B | A | 102.910 | 2.51 | 385,265 | 1.07 | |
IFP | C | 20.300 | 2.53 | 145,762 | 1.01 | |
WSP | A | 240.280 | 1.10 | 179,272 | 1.00 | |
DOL | A | 138.540 | 1.23 | 529,190 | 0.89 | |
EMP.A | A | 41.330 | 1.13 | 345,452 | 0.84 | |
IAG | A | 112.100 | 0.72 | 271,869 | 0.77 | |
FISH | B | 1.360 | 0.74 | 12,336 | 0.38 |
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