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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 | |
---|---|---|---|---|---|---|
ASTL | A | 12.01 | 6.38 | 2,518,065 | 4.16 | |
DDOG | B | 129.79 | 1.12 | 8,033,364 | 2.67 | |
TPC | B | 33.24 | 9.78 | 834,825 | 2.05 | |
HGV | C | 41.59 | 3.51 | 1,709,545 | 2.04 | |
VCEL | B | 50.03 | 4.14 | 578,177 | 1.59 | |
BSY | C | 51.09 | 2.30 | 1,377,447 | 1.46 | |
MRX | B | 28.44 | 1.35 | 511,138 | 1.35 |
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