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 | |
---|---|---|---|---|---|---|
CMC | C | 56.41 | 5.11 | 1,976,835 | 2.62 | |
FWRD | C | 40.16 | 6.16 | 1,961,602 | 2.25 | |
ODP | D | 31.14 | 4.32 | 618,607 | 1.09 | |
MTG | A | 26.39 | 0.88 | 1,438,620 | 1.03 | |
AKAM | C | 104.73 | 1.11 | 1,261,966 | 0.87 | |
VNO | B | 42.27 | 1.95 | 1,620,345 | 0.76 |
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