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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.
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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 | |
---|---|---|---|---|---|---|
DOCU | D | 49.73 | 4.83 | 21,402,920 | 6.47 | |
LULU | A | 489.78 | 5.31 | 6,660,000 | 2.99 | |
WEAV | C | 10.06 | 5.23 | 539,836 | 1.85 | |
SRAD | D | 10.34 | 2.07 | 550,586 | 1.63 | |
NVEI | D | 23.78 | 5.55 | 676,849 | 1.33 |
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