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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 | |
---|---|---|---|---|---|---|
TECTP | A | 10.30 | 1.06 | 19,651 | 9.42 | |
SNSE | A | 1.26 | 23.54 | 598,415 | 6.49 | |
EMTY | A | 15.13 | 0.94 | 21,302 | 3.01 | |
IVCA | A | 11.27 | 0.09 | 94,820 | 2.94 | |
EEFT | C | 104.37 | 1.65 | 729,298 | 2.80 | |
MEAR | A | 49.95 | 0.14 | 190,441 | 2.75 | |
DSGX | A | 94.85 | 2.22 | 486,590 | 2.54 | |
BSJP | A | 22.94 | 0.31 | 669,829 | 2.46 | |
DSWL | A | 2.38 | 4.39 | 13,428 | 2.44 | |
CTS | A | 47.42 | 3.65 | 265,377 | 2.11 | |
GCBC | A | 30.25 | 2.82 | 18,675 | 1.84 | |
THRY | A | 23.68 | 2.91 | 272,739 | 1.74 | |
DUK | A | 99.78 | 1.55 | 4,860,836 | 1.68 | |
LNTH | A | 67.39 | 1.28 | 1,475,942 | 1.66 | |
JULH | A | 25.05 | 0.12 | 3,474 | 1.64 | |
BSMO | A | 24.82 | 0.09 | 49,633 | 1.59 | |
OGE | A | 35.05 | 1.15 | 2,573,021 | 1.53 | |
PNRG | A | 105.48 | 2.95 | 2,880 | 1.42 | |
FLYD | B | 29.39 | 1.94 | 1,927 | 1.40 | |
FTSM | A | 59.57 | 0.03 | 1,126,730 | 1.37 | |
BSCP | A | 20.41 | 0.05 | 1,146,211 | 1.27 | |
CPZ | A | 15.56 | 1.50 | 71,890 | 1.27 | |
JXI | A | 59.85 | 0.74 | 8,634 | 1.26 | |
PTCT | B | 34.16 | 6.25 | 1,095,092 | 1.20 | |
IQ | A | 5.00 | 3.09 | 9,161,014 | 1.16 | |
NMIH | A | 31.65 | 2.56 | 615,212 | 1.07 | |
IDU | A | 86.45 | 0.96 | 47,474 | 0.95 | |
WEST | A | 10.43 | 2.86 | 153,952 | 0.95 | |
GNK | A | 21.76 | 1.97 | 601,450 | 0.88 | |
CHN | A | 10.51 | 0.86 | 18,534 | 0.79 | |
HYGH | A | 85.71 | 0.35 | 22,402 | 0.70 | |
IBHE | A | 23.22 | 0.27 | 101,819 | 0.62 | |
UGIC | A | 61.02 | 1.13 | 3,335 | 0.52 | |
JULJ | A | 25.01 | 0.00 | 601 | 0.29 | |
WSBCP | A | 24.24 | 0.92 | 3,814 | 0.22 | |
UYLD | A | 50.83 | 0.12 | 27,754 | 0.22 | |
XHYH | A | 34.01 | 0.62 | 120 | 0.01 |
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