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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 | |
---|---|---|---|---|---|---|
XMTR | B | 25.84 | 17.14 | 1,312,084 | 3.19 | |
CEIX | A | 113.63 | 5.14 | 1,025,193 | 2.38 | |
SANM | B | 74.40 | 2.20 | 826,894 | 2.24 | |
TAC | A | 11.07 | 7.58 | 1,581,153 | 2.21 | |
OTTR | C | 81.55 | 3.85 | 548,192 | 2.11 | |
ARCH | C | 148.10 | 4.13 | 726,460 | 2.11 | |
GIL | A | 50.23 | 2.26 | 630,061 | 1.28 | |
JACK | C | 51.52 | 2.83 | 535,534 | 1.03 | |
PARA | C | 11.09 | 2.02 | 6,892,104 | 0.95 | |
LW | C | 79.17 | 2.21 | 1,601,211 | 0.69 | |
ENR | B | 33.03 | 1.29 | 302,895 | 0.47 |
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