Stocks Making: Reversal New Highs Setup on 2017-03-24
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.
|Symbol||Grade||Name||% Change||Volume||Vol Surge|
|CLAC||Capitol Acquisition Corp. III||0.97||1,656,065||5.50|
|CBD||Companhia Brasileira de Distribuicao ADS||-0.51||1,724,142||3.33|
|HD||Home Depot, Inc. (The)||-0.19||4,731,550||1.17|
|SA||Seabridge Gold, Inc.||-5.86||771,941||1.06|