Stocks Making: Gilligan's Island Buy Setup on 2017-06-23
Rules (via 'Hit & Run Trading'):
A stock must gap open to a new two-month low. The bigger the gap the better.
The stock must close at or in the top 50 percent of its daily range and equal to or above the opening.
For the buy: The next day only, buy 10 cents above today's high.
Risk 1 point.
Carry the position overnight if it closes strongly.