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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 | |
---|---|---|---|---|---|---|
MSEX | A | 16812.00 | 0.71 | 1,890 | 10.22 | |
DORE | C | 108.50 | 2.84 | 272,972 | 2.11 | |
LCPE | A | 41292.50 | 2.05 | 18 | 1.20 | |
TPXU | A | 96.19 | 0.87 | 230 | 0.81 | |
TPHG | A | 7852.50 | 1.06 | 256 | 0.64 | |
IDJP | A | 38.03 | 0.44 | 1,693 | 0.57 | |
JPXX | A | 14964.00 | 0.58 | 217 | 0.54 | |
CSTP | A | 228.88 | 0.96 | 29 | 0.17 | |
LCUD | B | 14.54 | 0.84 | 69 | 0.17 | |
CATL | A | 5.96 | 1.55 | 90 | 0.16 | |
XDNU | A | 22.82 | 1.04 | 288 | 0.08 | |
EGRA | A | 23.02 | 0.95 | 25 | 0.06 | |
JPHU | A | 227.12 | 1.17 | 17 | 0.06 | |
MVED | A | 5.81 | 0.96 | 392 | 0.02 |
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