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 | |
---|---|---|---|---|---|---|
ABV | A | 0.083 | 5.06 | 358,083 | 2.30 | |
PBH | A | 0.790 | 8.97 | 3,155,580 | 1.76 | |
NXL | A | 7.740 | 8.40 | 2,914,543 | 1.42 | |
LM8 | B | 0.360 | 7.46 | 354,605 | 0.89 |
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