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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 | |
---|---|---|---|---|---|---|
SNDR | C | 22.91 | 2.14 | 1,142,344 | 1.48 | |
INOD | B | 15.78 | 8.38 | 1,143,060 | 1.33 | |
RL | A | 188.32 | 3.60 | 1,094,526 | 1.13 | |
THC | A | 137.76 | 3.01 | 1,431,425 | 1.13 | |
LRCX | A | 1003.07 | 4.19 | 1,059,105 | 1.12 | |
SKX | A | 73.92 | 1.44 | 1,856,580 | 1.07 | |
OLED | B | 186.04 | 1.64 | 272,049 | 1.02 |
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