Stocks Making: Hot IPO Pullback on 04/24/2018

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.
    1. Related Scans: Swing Setup Pullback IPO Bullish

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    Symbol Grade Close % Change Volume Vol Surge
    ONE 10.64 -0.56 576,500 0.83
    SURF 12.95 0.54 808,700 0.52
    RCUS 15.39 -3.81 209,200 0.45
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    Related Scans: Swing Setup Pullback IPO Bullish
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