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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 | |
---|---|---|---|---|---|---|
BGD | B | 0.280 | 9.80 | 9,221,973 | 18.30 | |
HRZ | A | 0.063 | 12.50 | 3,557,970 | 3.47 | |
CPN | C | 0.063 | 1.61 | 128,465 | 1.10 | |
IDX | A | 3.170 | 2.92 | 640,927 | 0.91 | |
AAL | A | 0.285 | 3.64 | 68,805 | 0.45 |
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