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Stocks Making: Hot IPO Pullback on
Rules (via 'Hit & Run Trading II'):
Stock must trade at least 15% above its offering price within its first five days of trading.
Then wait for a two - to - four day pullback. This could be any combination of lower lows, lower closes, inside days, etc.
After the second, third or fourth pullback day buy 5 cents above the previous day's high.
Place your initial protective stop at the previous day's low.
Hold the position from one to five days using trailing stops.
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Related Scans:
Pullback
Swing Setup
Bullish
IPO
Pro Scan
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| Symbol | Grade | Close | % Change | Volume | Vol Surge | |
|---|---|---|---|---|---|---|
| ITG |  |
0.475 | -3.06 | 161,054 | 1.46 | |
| VUL |  |
0.165 | 6.45 | 160,378 | 1.07 | |
| VG8 |  |
2.270 | -0.87 | 266,531 | 0.78 | |
| Upgrade to view the next 2 stocks. | ||||||
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