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 | |
---|---|---|---|---|---|---|
HIW | A | 30.62 | 5.08 | 1,600,318 | 1.89 | |
ENSG | A | 142.80 | 4.87 | 531,656 | 1.54 | |
AJG | A | 283.58 | 3.51 | 1,161,116 | 1.38 | |
LBTYA | B | 19.42 | 3.27 | 2,278,157 | 1.32 | |
ABCB | B | 62.17 | 1.39 | 316,685 | 0.90 | |
PFS | A | 19.01 | 2.42 | 1,089,187 | 0.77 |
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