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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 | |
---|---|---|---|---|---|---|
TRST | A | 102.70 | 5.12 | 2,057,041 | 1.30 | |
ESNT | B | 161.80 | 2.02 | 506,378 | 1.22 | |
SJPY | A | 84.42 | 0.04 | 150 | 0.96 | |
SSIL | A | 8.42 | 0.27 | 810 | 0.14 | |
0EEI | A | 25.30 | 1.71 | 141 | 0.02 | |
0NVL | A | 30.94 | 5.56 | 159 | 0.01 | |
BVA | A | 7.75 | 1.81 | 183 | 0.00 | |
0KLO | A | 3.56 | 4.90 | 35 | 0.00 |
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