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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 | |
---|---|---|---|---|---|---|
TEK | B | 0.145 | 3.57 | 1,065,350 | 3.17 | |
ILA | A | 0.165 | 32.00 | 969,152 | 2.67 | |
MXT | A | 2.100 | 1.45 | 1,792,218 | 1.11 | |
AVA | C | 0.130 | 4.00 | 204,330 | 1.08 | |
AMP | A | 1.340 | 1.52 | 5,745,205 | 0.51 | |
PPC | A | 1.400 | 8.53 | 36,473 | 0.22 |
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