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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 | |
---|---|---|---|---|---|---|
TSCO | A | 285.67 | 3.42 | 2,180,943 | 2.13 | |
LBTYA | C | 17.51 | 2.94 | 1,694,019 | 1.14 | |
SO | A | 79.54 | 1.12 | 4,833,727 | 0.98 | |
ARW | C | 131.53 | 1.36 | 432,753 | 0.92 | |
VOYA | B | 74.80 | 1.37 | 732,110 | 0.82 | |
EQH | A | 40.73 | 1.22 | 2,060,827 | 0.79 | |
WPC | C | 60.11 | 0.92 | 737,741 | 0.66 |
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