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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 | |
---|---|---|---|---|---|---|
ALA | B | 0.170 | 9.68 | 2,993,254 | 2.94 | |
EMC | B | 0.130 | 4.00 | 515,674 | 2.71 | |
ART | B | 0.320 | 6.67 | 572,239 | 1.53 | |
VNT | A | 4.630 | 1.76 | 2,851,585 | 1.29 | |
OPT | A | 0.830 | 7.10 | 4,249,677 | 0.78 | |
ATG | C | 0.405 | 2.53 | 60,692 | 0.30 |
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