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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 | |
---|---|---|---|---|---|---|
JULQ | A | 24.97 | 0.06 | 5,510 | 8.36 | |
BOWN | A | 10.49 | 0.09 | 118,925 | 4.85 | |
CSSEN | D | 4.56 | 7.55 | 42,986 | 3.97 | |
JULJ | A | 25.03 | 0.06 | 8,809 | 3.93 | |
HOVNP | A | 18.21 | 0.05 | 21,898 | 3.27 | |
DOLE | B | 12.44 | 1.30 | 1,354,364 | 3.15 | |
LSAK | A | 4.56 | 2.93 | 38,837 | 2.99 | |
AMRX | A | 6.77 | 8.84 | 3,677,545 | 2.19 | |
OHI | A | 31.34 | 0.22 | 2,470,937 | 1.65 | |
SOHU | B | 11.96 | 1.61 | 52,562 | 1.22 | |
NHI | A | 64.72 | 0.43 | 210,974 | 1.20 | |
THTA | A | 20.25 | 0.24 | 20,746 | 1.15 | |
CQP | C | 50.84 | 1.38 | 163,484 | 0.96 | |
TBLL | A | 105.58 | 0.07 | 130,230 | 0.80 | |
USFR | A | 50.38 | 0.04 | 2,792,704 | 0.72 | |
STRS | C | 23.40 | 1.74 | 3,018 | 0.56 | |
FFLS | A | 22.57 | 0.10 | 619 | 0.42 | |
INTE | B | 10.92 | 0.28 | 4,124 | 0.28 | |
TMTCU | A | 11.10 | 1.00 | 600 | 0.22 | |
SVII | A | 11.05 | 0.18 | 555 | 0.04 |
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