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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 | |
---|---|---|---|---|---|---|
EEFT | C | 104.37 | 1.65 | 729,298 | 2.80 | |
DUK | A | 99.78 | 1.55 | 4,860,836 | 1.68 | |
LNTH | A | 67.39 | 1.28 | 1,475,942 | 1.66 | |
OGE | A | 35.05 | 1.15 | 2,573,021 | 1.53 | |
PTCT | B | 34.16 | 6.25 | 1,095,092 | 1.20 | |
NMIH | A | 31.65 | 2.56 | 615,212 | 1.07 | |
GNK | A | 21.76 | 1.97 | 601,450 | 0.88 |
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