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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 | |
---|---|---|---|---|---|---|
CON | B | 23.09 | 4.34 | 8,591,753 | 13.53 | |
ATEN | A | 16.94 | 2.73 | 1,161,664 | 2.05 | |
SUPV | B | 11.42 | 4.87 | 2,097,229 | 1.76 | |
CBOE | B | 217.30 | 1.48 | 1,508,744 | 1.55 | |
QFIN | A | 35.68 | 5.41 | 1,952,578 | 1.15 | |
NDAQ | A | 82.65 | 1.39 | 1,961,477 | 0.73 | |
INDV | C | 11.18 | 2.66 | 669,176 | 0.61 |
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