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 | |
---|---|---|---|---|---|---|
SMWB | A | 11.12 | 3.93 | 857,718 | 3.20 | |
FIHL | B | 19.93 | 7.96 | 1,118,575 | 2.86 | |
TGTX | B | 34.90 | 12.91 | 9,883,193 | 2.56 | |
GRAL | B | 15.92 | 5.50 | 1,241,553 | 1.80 | |
CVX | B | 158.72 | 2.21 | 8,822,392 | 1.21 |
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