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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 | |
---|---|---|---|---|---|---|
GMGI | A | 4.86 | 15.71 | 229,083 | 3.01 | |
ECOR | C | 7.00 | 10.67 | 31,098 | 2.99 | |
INAQ | B | 11.50 | 0.61 | 6,052 | 2.54 | |
HAUS | A | 17.00 | 0.85 | 2,725 | 2.51 | |
FTAIO | A | 25.40 | 0.20 | 18,329 | 2.39 | |
ASRT | D | 1.22 | 18.45 | 2,311,791 | 2.15 | |
KTH | C | 27.99 | 0.29 | 2,405 | 1.48 | |
GUG | A | 14.76 | 1.58 | 116,816 | 1.39 | |
SCWO | B | 1.62 | 5.88 | 132,536 | 1.26 | |
ARC | C | 2.75 | 2.61 | 147,551 | 1.15 | |
SBLK | A | 25.00 | 0.73 | 1,726,444 | 1.08 | |
EVGR | A | 11.42 | 0.18 | 50,421 | 1.08 | |
PJUN | A | 34.74 | 0.06 | 22,122 | 0.49 |
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