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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 | |
---|---|---|---|---|---|---|
OBE | D | 8.800 | 5.77 | 352,800 | 1.62 | |
NFLX | A | 30.570 | 2.21 | 43,844 | 1.37 | |
CAS | B | 10.990 | 3.29 | 263,800 | 1.29 | |
CM | A | 88.600 | 0.42 | 4,911,986 | 1.24 | |
DLCG | B | 5.680 | 8.19 | 61,301 | 1.15 | |
NA | A | 133.380 | 0.44 | 1,108,996 | 0.58 |
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