Stocks Making: Reversal New Highs Setup on 2017-10-17
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|
|CXW||Corrections Corporation of America||3.42||1,878,631||2.65|
|TSM||Taiwan Semiconductor Manufacturing Company Lt||0.88||7,582,740||1.64|