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.
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Related Scans:
Swing Setup
Bullish
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
BCOR | ![]() |
16.60 | 1.84 | 745,982 | 2.03 | |
PGNY | ![]() |
47.89 | 6.54 | 1,469,038 | 1.63 | |
ABMD | ![]() |
329.69 | 3.58 | 381,507 | 1.42 | |
CVA | ![]() |
14.29 | 1.93 | 1,212,923 | 1.29 | |
LTHM | ![]() |
22.48 | 3.64 | 4,280,353 | 1.00 | |
BLMN | ![]() |
21.46 | 1.37 | 1,732,126 | 0.90 | |
EVLO | ![]() |
14.43 | 4.72 | 308,687 | 0.81 | |
FTSI | ![]() |
20.34 | 5.66 | 239,411 | 0.58 |
Related Scans:
Swing Setup
Bullish
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