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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 | |
---|---|---|---|---|---|---|
DAY | B | 70.08 | 7.29 | 4,397,607 | 3.42 | |
MIR | A | 14.75 | 4.83 | 6,573,528 | 3.39 | |
SLGN | A | 52.41 | 3.19 | 941,763 | 2.03 | |
SANM | B | 71.80 | 2.31 | 670,573 | 1.87 | |
UE | A | 22.59 | 2.08 | 867,813 | 1.23 | |
IVT | A | 30.06 | 2.14 | 622,509 | 1.22 | |
WTFC | A | 117.56 | 1.62 | 374,593 | 1.11 | |
PYCR | C | 15.07 | 1.69 | 602,745 | 0.88 |
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