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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 | |
---|---|---|---|---|---|---|
KGH | A | 132.00 | 1.93 | 200,963 | 2.19 | |
RE | B | 82.50 | 3.13 | 129,178 | 2.01 | |
CML | B | 407.50 | 7.66 | 29,660 | 1.46 | |
DGSE | A | 1611.38 | 0.59 | 1,406 | 1.28 | |
CHRT | A | 802.00 | 7.22 | 163,718 | 1.26 | |
0JXQ | A | 50.14 | 0.76 | 1,597 | 1.15 | |
0HHP | A | 20.90 | 1.08 | 2,489 | 0.35 | |
ESO | A | 178.00 | 1.14 | 5,842 | 0.23 | |
TFRN | A | 55.75 | 0.10 | 745 | 0.12 | |
0L8A | A | 74.70 | 0.44 | 930 | 0.09 | |
0IPB | A | 38.91 | 0.84 | 29 | 0.01 | |
0ID1 | A | 99.95 | 1.13 | 54 | 0.00 |
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