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 | |
---|---|---|---|---|---|---|
TARS | B | 43.87 | 10.59 | 3,175,544 | 4.87 | |
LEU | A | 104.95 | 11.79 | 2,100,505 | 3.02 | |
RCL | A | 210.10 | 3.23 | 4,125,612 | 2.34 | |
DTM | A | 89.30 | 2.15 | 1,249,945 | 2.23 | |
AKRO | B | 31.73 | 6.80 | 724,263 | 1.49 | |
PENN | B | 20.79 | 4.52 | 3,449,298 | 1.15 | |
DAL | A | 57.34 | 3.54 | 9,522,845 | 1.10 | |
GEV | A | 298.77 | 3.30 | 2,016,221 | 0.77 | |
ENLC | A | 14.84 | 0.88 | 1,345,553 | 0.68 |
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