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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:
Bullish
Swing Setup
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
GNE | A | 2.080 | 5.58 | 112,727 | 2.56 | |
MCCL | A | 17.590 | 0.17 | 19,589 | 1.42 | |
EBO | A | 34.580 | 2.46 | 80,920 | 1.30 | |
GAME | A | 13.710 | 2.31 | 656 | 0.51 | |
LAM | B | 0.855 | 0.59 | 4,411 | 0.39 |
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