Stocks Making: Reversal New Highs Setup on
Rules (via 'Hit & Run Trading II'):
As always, the stock should be priced at more than $30 per share. The higher the price, the better
Today the stock must do all of the following:
For the buy: tomorrow only, buy 5 cents above today's high and risk 1 point.
Use a trailing stop and stay in the position until you are stopped out. This can be as short as a few hours to as long as a few days.
- It must trade under yesterday's low.
- It must then trade above yesterday's high (in other words, form an outside day).
- Today's range must be the largest range of the past five days, and today the stock must make a new 60-day high.
-
Related Scans:
Swing Setup
Bullish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
Z | B | 65.11 | 3.66 | 7,485,573 | 2.02 | |
PI | B | 193.90 | 3.49 | 835,680 | 1.84 | |
CMA | B | 59.70 | 2.02 | 3,097,340 | 1.50 | |
APGE | C | 53.34 | 5.33 | 549,102 | 1.41 | |
PNFP | B | 97.36 | 1.30 | 683,821 | 1.40 | |
EPRT | A | 33.65 | 1.48 | 1,692,539 | 1.31 | |
CWAN | A | 25.15 | 1.74 | 2,005,948 | 1.21 | |
AGNC | A | 10.66 | 0.95 | 17,185,495 | 1.11 | |
KKR | B | 129.25 | 1.00 | 3,672,652 | 1.10 | |
WGS | B | 38.77 | 4.39 | 334,239 | 0.83 | |
MPLX | A | 44.05 | 0.43 | 1,258,211 | 0.81 | |
HROW | B | 45.33 | 4.04 | 373,788 | 0.65 |
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