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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 | |
---|---|---|---|---|---|---|
BOOT | B | 109.98 | 2.76 | 1,933,381 | 2.51 | |
DHT | B | 12.28 | 0.49 | 3,440,000 | 2.24 | |
MMYT | A | 85.37 | 10.83 | 1,267,397 | 1.60 | |
GATO | B | 11.25 | 5.44 | 676,012 | 1.59 | |
EWBC | B | 78.21 | 0.45 | 827,614 | 0.72 |
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