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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 | |
---|---|---|---|---|---|---|
CAJ | A | 0.335 | 4.69 | 9,777,502 | 4.17 | |
REG | A | 6.160 | 3.88 | 2,133,634 | 2.71 | |
WKT | C | 0.110 | 4.76 | 392,662 | 1.24 | |
MAH | A | 0.370 | 2.78 | 3,058,932 | 1.12 | |
ARB | A | 45.570 | 0.57 | 125,889 | 0.94 |
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