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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 | |
---|---|---|---|---|---|---|
SE | C | 66.26 | 2.79 | 17,103,228 | 2.66 | |
EQC | B | 19.56 | 1.45 | 1,398,300 | 1.55 | |
NBBK | A | 15.70 | 1.82 | 408,115 | 1.21 | |
PI | A | 168.06 | 5.16 | 472,220 | 1.06 | |
KLAC | A | 729.92 | 2.42 | 883,530 | 0.99 | |
ADI | A | 211.94 | 1.71 | 2,683,407 | 0.84 | |
AM | A | 14.65 | 1.31 | 2,043,600 | 0.80 | |
TSM | B | 151.95 | 3.78 | 12,305,496 | 0.78 | |
DTM | A | 65.97 | 1.90 | 464,955 | 0.69 |
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