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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 | |
---|---|---|---|---|---|---|
CQE | A | 2.860 | 1.42 | 1,723,671 | 2.58 | |
GPT | A | 5.150 | 1.78 | 15,594,731 | 2.27 | |
CNI | A | 2.050 | 3.80 | 2,882,497 | 2.10 | |
INR | B | 0.185 | 15.63 | 3,286,014 | 1.78 | |
VCX | A | 2.390 | 1.27 | 16,175,214 | 1.70 |
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