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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 | |
---|---|---|---|---|---|---|
PGC | A | 0.500 | 11.11 | 3,415,769 | 3.64 | |
ALC | A | 0.066 | 8.20 | 1,443,774 | 1.51 | |
PCI | A | 1.195 | 3.02 | 904,535 | 1.50 | |
MXT | A | 2.110 | 0.48 | 1,856,664 | 1.41 | |
APZ | A | 2.500 | 0.81 | 257,036 | 1.39 |
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