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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 | |
---|---|---|---|---|---|---|
INAQ | D | 10.84 | 4.94 | 29,093 | 5.62 | |
MGYR | B | 13.26 | 0.08 | 16,599 | 4.78 | |
MLPB | A | 26.09 | 1.17 | 14,804 | 2.29 | |
SBFG | A | 21.79 | 5.01 | 26,430 | 2.20 | |
PRTC | C | 22.55 | 3.54 | 9,789 | 1.84 | |
MRSK | B | 33.53 | 0.58 | 40,415 | 1.61 | |
FLMI | A | 24.83 | 0.24 | 216,220 | 1.55 | |
LANDP | A | 22.14 | 0.70 | 38,258 | 1.37 | |
MVPS | A | 24.33 | 0.78 | 365 | 1.34 | |
PEBK | B | 31.47 | 4.03 | 14,585 | 1.09 | |
KACL | B | 12.50 | 0.32 | 6,227 | 1.00 | |
TS | B | 37.42 | 1.14 | 1,479,517 | 0.89 | |
VABS | A | 24.17 | 0.01 | 2,066 | 0.87 | |
MART | A | 33.71 | 0.29 | 1,576 | 0.60 | |
LNGG | B | 26.36 | 1.22 | 667 | 0.38 | |
TRINL | B | 25.37 | 0.06 | 3,810 | 0.15 | |
LANDM | A | 24.96 | 0.29 | 218 | 0.05 | |
DFRA | A | 32.43 | 0.91 | 1,107 | 0.05 |
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