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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 | |
---|---|---|---|---|---|---|
SPLP | D | 39.50 | 0.03 | 10,036 | 8.45 | |
OCCIN | A | 23.27 | 0.19 | 7,083 | 2.42 | |
NBB | A | 16.92 | 1.26 | 95,687 | 1.60 | |
ELS | A | 73.87 | 2.13 | 1,526,278 | 1.39 | |
FFC | A | 16.13 | 0.44 | 198,735 | 1.39 | |
DLY | A | 16.51 | 0.12 | 183,691 | 1.38 | |
DUSB | A | 50.79 | 0.01 | 121,609 | 1.19 | |
WINC | A | 24.21 | 0.06 | 6,351 | 0.83 | |
IBTP | A | 26.51 | 0.13 | 15,194 | 0.80 | |
TVC | A | 23.16 | 0.48 | 15,886 | 0.79 | |
IBMM | A | 26.07 | 0.08 | 42,622 | 0.69 | |
FIAC | A | 11.24 | 0.63 | 3,692 | 0.29 | |
CPLS | A | 36.39 | 0.10 | 2,267 | 0.27 | |
SIO | A | 26.36 | 0.10 | 4,024 | 0.22 |
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