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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 | |
---|---|---|---|---|---|---|
WEAV | A | 14.02 | 1.67 | 3,274,850 | 5.58 | |
GVA | A | 84.05 | 2.43 | 1,806,816 | 2.97 | |
PCOR | B | 65.65 | 4.79 | 4,395,766 | 2.65 | |
PEN | A | 228.87 | 8.32 | 918,849 | 2.37 | |
IDCC | A | 150.44 | 1.84 | 801,291 | 2.22 | |
CNNE | A | 19.85 | 3.17 | 725,485 | 1.98 |
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