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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.
-
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 | |
---|---|---|---|---|---|---|
FEBO | A | 14.30 | 30.24 | 193,169 | 12.40 | |
VINO | D | 0.61 | 2.47 | 467,034 | 4.03 | |
MSN | A | 0.57 | 4.65 | 35,256 | 3.95 | |
COOL | B | 11.65 | 2.75 | 4,555 | 3.26 | |
SGMA | B | 4.44 | 6.99 | 48,250 | 2.22 | |
NSYS | A | 17.91 | 3.47 | 18,417 | 2.20 | |
ILAG | D | 0.75 | 7.88 | 1,013,008 | 2.15 | |
SCWO | B | 1.50 | 7.14 | 225,362 | 2.13 | |
GAMC | B | 10.76 | 0.09 | 18,112 | 1.67 | |
GAIA | A | 4.08 | 4.88 | 41,282 | 1.16 | |
SB | A | 5.14 | 1.58 | 954,385 | 1.16 | |
JBBB | A | 49.01 | 0.06 | 175,568 | 1.00 | |
BDCZ | A | 19.43 | 0.21 | 3,781 | 0.95 | |
CLGN | B | 5.97 | 1.36 | 6,414 | 0.93 | |
NEWTL | A | 24.84 | 0.00 | 2,770 | 0.48 | |
HCVI | B | 10.50 | 0.10 | 8,261 | 0.45 | |
TFLO | A | 50.68 | 0.02 | 1,335,434 | 0.44 | |
OCTH | A | 24.25 | 0.17 | 1,000 | 0.39 |
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