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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 | |
---|---|---|---|---|---|---|
EQR | C | 0.050 | 4.17 | 1,887,339 | 3.06 | |
AR3 | D | 0.094 | 25.33 | 320,384 | 3.05 | |
29M | B | 0.470 | 3.30 | 4,476,869 | 2.63 | |
3DA | B | 0.410 | 5.13 | 1,100,731 | 1.91 | |
EVS | B | 0.076 | 2.70 | 3,106,457 | 1.37 | |
HUB | A | 59.160 | 2.80 | 301,874 | 1.01 | |
WAX | A | 1.205 | 1.26 | 114,574 | 0.99 | |
ATG | C | 0.405 | 2.53 | 148,162 | 0.74 | |
MTO | B | 1.730 | 4.85 | 57,898 | 0.49 |
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