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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 | |
---|---|---|---|---|---|---|
QOR | A | 0.465 | 8.14 | 14,179,209 | 5.53 | |
RFG | B | 0.075 | 5.63 | 8,894,168 | 5.26 | |
GDC | B | 1.395 | 0.14 | 1,097,621 | 3.40 | |
CCV | A | 0.230 | 2.22 | 590,232 | 1.93 | |
5GN | C | 0.150 | 3.45 | 257,978 | 0.55 |
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