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 | |
---|---|---|---|---|---|---|
GRCL | F | 22.50 | -6.25 | 621,174 | 1.11 | |
WOOF | F | 26.85 | -3.10 | 8,369,137 | 0.76 | |
POSH | F | 74.90 | -9.98 | 2,026,715 | 0.69 | |
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