Stocks Making: Hot IPO Pullback on
Rules (via 'Hit & Run Trading II'):
Stock must trade at least 15% above its offering price within its first five days of trading.
Then wait for a two - to - four day pullback. This could be any combination of lower lows, lower closes, inside days, etc.
After the second, third or fourth pullback day buy 5 cents above the previous day's high.
Place your initial protective stop at the previous day's low.
Hold the position from one to five days using trailing stops.
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Related Scans:
IPO
Pullback
Swing Setup
Bullish
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
VEI | F | 12.13 | 1.00 | 1,008,672 | 1.98 | |
JOAN | C | 11.87 | -5.94 | 1,261,987 | 1.82 | |
SCR | D | 22.18 | -4.60 | 597,000 | 1.06 | |
UTME | D | 49.05 | 15.96 | 3,962,800 | 0.95 | |
ACHL | D | 13.78 | -5.03 | 206,900 | 0.73 | |
COUR | D | 53.65 | -4.20 | 1,369,360 | 0.58 | |
ARVL | F | 15.22 | -2.81 | 1,350,592 | 0.53 | |
PSFE | D | 13.87 | -2.60 | 3,537,511 | 0.50 | |
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