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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 | |
---|---|---|---|---|---|---|
RNK | B | 79.20 | 10.00 | 23,834,309 | 39.47 | |
AJB | B | 324.00 | 4.01 | 727,143 | 1.83 | |
STAF | B | 31.45 | 5.36 | 645,524 | 1.10 | |
REDD | A | 387.50 | 1.44 | 420,314 | 1.09 | |
MNKS | A | 1154.00 | 0.70 | 446,101 | 0.89 | |
NIOX | B | 70.00 | 5.11 | 743,032 | 0.81 | |
BHMG | B | 359.00 | 1.13 | 786,188 | 0.78 | |
HTG | A | 369.50 | 2.64 | 289,251 | 0.62 |
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