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:
Swing Setup
Bullish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
NYT | B | 47.74 | 3.22 | 2,930,117 | 2.39 | |
EPC | B | 38.83 | 3.24 | 701,746 | 2.15 | |
INGR | A | 118.45 | 1.61 | 806,879 | 2.13 | |
KTOS | B | 19.84 | 5.76 | 2,354,141 | 1.97 | |
PBA | A | 36.47 | 1.22 | 1,543,267 | 1.42 | |
ENB | A | 37.23 | 1.09 | 5,838,032 | 1.08 | |
AMCX | D | 13.28 | 4.08 | 721,613 | 1.05 | |
MTB | A | 151.26 | 1.99 | 1,048,578 | 0.98 | |
APH | A | 126.61 | 1.52 | 2,992,471 | 0.93 | |
JXN | A | 73.41 | 0.69 | 769,657 | 0.92 | |
DTE | A | 114.73 | 1.23 | 963,797 | 0.81 | |
MNSO | B | 24.52 | 1.78 | 1,212,376 | 0.76 | |
HAFC | B | 16.22 | 1.50 | 182,153 | 0.68 |
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