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 | |
---|---|---|---|---|---|---|
BLEU | A | 11.59 | 5.46 | 32,446 | 15.83 | |
TARS | B | 43.87 | 10.59 | 3,175,544 | 4.87 | |
LEU | A | 104.95 | 11.79 | 2,100,505 | 3.02 | |
RCL | A | 210.10 | 3.23 | 4,125,612 | 2.34 | |
DTM | A | 89.30 | 2.15 | 1,249,945 | 2.23 | |
CFBK | B | 25.62 | 0.75 | 11,826 | 1.75 | |
QTOC | A | 28.56 | 0.51 | 4,621 | 1.65 | |
AKRO | B | 31.73 | 6.80 | 724,263 | 1.49 | |
HELO | A | 62.04 | 0.16 | 337,384 | 1.34 | |
CPSA | A | 24.91 | 0.06 | 12,744 | 1.23 | |
PENN | B | 20.79 | 4.52 | 3,449,298 | 1.15 | |
DAL | A | 57.34 | 3.54 | 9,522,845 | 1.10 | |
XOMA | A | 31.93 | 5.66 | 22,984 | 1.05 | |
JAKK | B | 27.43 | 3.20 | 62,992 | 1.01 | |
SNFCA | A | 10.01 | 1.93 | 31,045 | 1.01 | |
GEV | A | 298.77 | 3.30 | 2,016,221 | 0.77 | |
EVX | A | 185.72 | 0.90 | 936 | 0.75 | |
FFOG | A | 38.66 | 1.43 | 11,443 | 0.71 | |
ENLC | A | 14.84 | 0.88 | 1,345,553 | 0.68 | |
UI | A | 262.73 | 1.59 | 41,535 | 0.67 | |
FTSM | A | 60.03 | 0.05 | 526,571 | 0.67 | |
XHLF | A | 50.36 | 0.02 | 231,635 | 0.65 | |
RVER | A | 27.61 | 1.09 | 2,883 | 0.53 | |
FLDB | A | 50.66 | 0.24 | 406 | 0.52 | |
JANW | A | 33.19 | 0.06 | 5,922 | 0.50 | |
PEJ | A | 49.73 | 0.57 | 18,166 | 0.47 | |
ALFUU | A | 10.12 | 0.45 | 5,372 | 0.37 | |
BKUI | A | 49.79 | 0.03 | 6,283 | 0.30 | |
EGUS | A | 42.60 | 0.74 | 203 | 0.22 | |
BGLD | A | 23.40 | 0.39 | 2,911 | 0.21 | |
MSTQ | A | 33.63 | 1.05 | 101 | 0.08 | |
CHEB | A | 10.10 | 0.80 | 4,846 | 0.07 | |
LPAAU | A | 10.02 | 0.20 | 2,505 | 0.05 | |
KVAC | A | 10.88 | 0.37 | 3,204 | 0.03 |
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