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:
Bullish
Swing Setup
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
ALA | A | 0.185 | 15.63 | 7,404,453 | 6.31 | |
HZN | A | 0.220 | 2.33 | 3,312,643 | 2.15 | |
GDG | A | 3.060 | 2.00 | 310,229 | 1.36 | |
QRI | A | 1.630 | 0.62 | 478,261 | 0.70 | |
SB2 | B | 0.730 | 0.69 | 88,970 | 0.57 | |
PSQ | A | 1.840 | 0.55 | 131,010 | 0.52 | |
TEK | B | 0.145 | 3.57 | 170,648 | 0.50 |
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