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 | |
---|---|---|---|---|---|---|
VRNA | A | 38.15 | 9.06 | 3,304,405 | 3.52 | |
NN | A | 12.87 | 7.70 | 2,157,888 | 3.00 | |
FTDR | A | 52.93 | 6.89 | 1,136,816 | 1.90 | |
MRX | A | 27.08 | 2.58 | 532,412 | 1.51 | |
ATKR | D | 88.39 | 2.28 | 686,052 | 1.21 |
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