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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.
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Related Scans:
Swing Setup
Bullish
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
HOVNP | A | 14.35 | 3.24 | 105,508 | 8.29 | |
GRPN | A | 43.40 | 17.39 | 3,219,794 | 4.08 | |
MERC | A | 15.37 | 9.01 | 621,170 | 2.37 | |
EVY | C | 14.27 | 3.14 | 19,490 | 1.90 | |
NUVA | A | 60.33 | 3.13 | 1,177,719 | 1.51 | |
CNXC | A | 123.51 | 5.07 | 278,546 | 1.31 | |
NBR | A | 111.01 | 3.84 | 308,102 | 1.11 | |
AMEH | A | 24.75 | 0.81 | 95,273 | 1.11 | |
FET | A | 21.35 | 5.02 | 59,580 | 0.92 | |
RINF | A | 28.43 | 1.83 | 3,275 | 0.75 | |
RILYM | A | 25.59 | 1.51 | 8,026 | 0.45 |
Related Scans:
Swing Setup
Bullish
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