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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 | |
---|---|---|---|---|---|---|
RE | B | 76.25 | 3.74 | 159,308 | 2.61 | |
0RMV | A | 25.13 | 4.26 | 1,006 | 1.83 | |
CMCX | A | 261.00 | 3.37 | 634,918 | 1.38 | |
ERNA | A | 5.76 | 0.03 | 690,168 | 1.25 | |
0KLO | A | 4.17 | 0.82 | 1,000 | 1.12 | |
XAR | B | 120.00 | 1.27 | 90,233 | 0.92 | |
0K92 | A | 489.37 | 3.13 | 266 | 0.90 | |
0NVV | A | 3.40 | 1.34 | 35,339 | 0.85 | |
JPST | A | 101.05 | 0.01 | 1,020 | 0.49 | |
0MGV | B | 77.40 | 1.57 | 91 | 0.49 | |
BAES | A | 5.33 | 4.55 | 140 | 0.39 | |
TRIA | B | 44.13 | 0.05 | 182 | 0.32 | |
4BB | A | 1120.00 | 4.67 | 849 | 0.29 | |
0RGI | A | 75.50 | 0.27 | 625 | 0.27 | |
0JRV | A | 38.55 | 1.89 | 679 | 0.24 | |
0JOP | A | 7.10 | 0.85 | 15 | 0.20 | |
CVCE | A | 1.00 | 0.25 | 13,250 | 0.18 | |
ACSO | B | 628.00 | 0.32 | 8,017 | 0.13 | |
WUTI | A | 47.28 | 0.18 | 96 | 0.12 | |
0RPV | A | 12.37 | 4.62 | 640 | 0.09 | |
DSUS | A | 112.42 | 0.67 | 50 | 0.05 | |
JPGB | A | 6295.50 | 0.87 | 3 | 0.04 | |
0N6B | A | 60.50 | 0.17 | 6 | 0.03 | |
0O26 | A | 92.61 | 0.58 | 206 | 0.01 | |
0RLW | A | 14.15 | 2.00 | 1,500 | 0.01 | |
0RPO | A | 216.20 | 1.55 | 150 | 0.01 | |
0H7O | A | 7.33 | 6.71 | 830 | 0.00 | |
0NRN | A | 35.88 | 0.99 | 2 | 0.00 | |
0RQD | A | 266.15 | 1.37 | 25 | 0.00 |
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