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 | |
---|---|---|---|---|---|---|
XYLE | A | 27.03 | 0.08 | 2,318 | 4.53 | |
TYG | A | 44.23 | 0.90 | 54,784 | 3.39 | |
LZB | B | 42.79 | 1.13 | 985,901 | 2.24 | |
VPC | A | 22.50 | 0.58 | 27,507 | 1.15 | |
PEBK | B | 30.11 | 1.65 | 14,008 | 1.00 | |
EFR | A | 12.91 | 0.23 | 72,543 | 0.90 | |
VRIG | A | 25.08 | 0.04 | 212,514 | 0.81 | |
JWSM | A | 11.44 | 0.70 | 2,082 | 0.51 | |
AMUB | A | 18.98 | 0.07 | 262 | 0.21 |
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