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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:
Swing Setup
Bullish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
MAPS | A | 1.27 | 21.05 | 4,480,397 | 7.93 | |
ACB | A | 9.23 | 46.04 | 39,171,695 | 4.68 | |
VFF | A | 1.53 | 16.79 | 4,645,802 | 4.25 | |
TRIS | A | 11.04 | 0.09 | 31,248 | 2.70 | |
CRS | A | 85.70 | 2.35 | 1,084,268 | 2.25 | |
CTO | A | 17.35 | 0.17 | 262,794 | 1.68 | |
PEG | A | 69.08 | 0.64 | 4,890,627 | 1.62 | |
CSR | A | 67.25 | 3.91 | 141,790 | 1.61 | |
RFAC | A | 10.94 | 0.18 | 14,107 | 1.36 | |
WTFCP | A | 25.12 | 0.72 | 24,722 | 1.32 | |
NXRT | A | 34.24 | 2.79 | 144,503 | 0.85 | |
CLOZ | A | 26.92 | 0.19 | 96,395 | 0.84 | |
SSIC | A | 11.30 | 2.31 | 15,858 | 0.77 | |
GAIN | A | 14.30 | 0.70 | 87,702 | 0.65 | |
JULJ | A | 25.01 | 0.02 | 1,289 | 0.62 | |
IBDP | A | 25.09 | 0.04 | 271,865 | 0.59 | |
WTFCM | A | 24.11 | 0.91 | 10,725 | 0.54 | |
DSAQ | A | 11.25 | 0.27 | 3,220 | 0.17 | |
KCGI | A | 10.98 | 0.64 | 792 | 0.09 |
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