Stocks Making: Hot IPO Pullback on 10/15/2018
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.
No stocks found.
Try modifying the filters above to something less restrictive. For example, lower the minimum required volume or change the min or max price, etc.