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 | |
---|---|---|---|---|---|---|
ITM | C | 0.073 | 10.61 | 4,143,568 | 12.25 | |
MEC | A | 1.040 | 0.97 | 160,882 | 5.12 | |
CCR | A | 0.365 | 4.29 | 746,179 | 2.26 | |
AIA | C | 6.920 | 2.22 | 1,305,679 | 1.63 | |
NOL | A | 1.660 | 3.75 | 22,061 | 1.16 | |
QPON | A | 26.080 | 0.04 | 75,242 | 0.81 |
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