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.

      • Related Scans: IPO Pullback Swing Setup Bullish
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    Symbol Grade Close % Change Volume Vol Surge
    CRNC 15.91 -1.18 321,296 0.48
    PNTG 18.20 -2.52 130,365 0.42
    Related Scans: IPO Pullback Swing Setup Bullish
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