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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 | |
---|---|---|---|---|---|---|
ROAD | B | 96.85 | 6.07 | 899,505 | 2.23 | |
SE | A | 116.33 | 1.63 | 5,084,222 | 1.26 | |
METC | C | 13.15 | 5.75 | 609,048 | 1.19 | |
AHR | A | 28.35 | 2.49 | 1,989,411 | 0.99 | |
SRE | A | 94.69 | 1.69 | 2,540,894 | 0.97 | |
EVRG | A | 64.56 | 0.30 | 1,780,871 | 0.96 | |
WEC | A | 100.96 | 1.70 | 1,928,774 | 0.94 | |
WWW | A | 22.88 | 3.25 | 717,927 | 0.50 |
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