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Stocks Making: Hot IPO Pullback on
Rules (via 'Hit & Run Trading II'):
Stock must trade at least 15% above its offering price within its first five days of trading.
Then wait for a two - to - four day pullback. This could be any combination of lower lows, lower closes, inside days, etc.
After the second, third or fourth pullback day buy 5 cents above the previous day's high.
Place your initial protective stop at the previous day's low.
Hold the position from one to five days using trailing stops.
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Related Scans:
Pullback
Swing Setup
Bullish
IPO
Pro Scan
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
LUPGF | F | 1.1500 | -4.17 | 23,005 | 2.86 | |
CTK | F | 2.7399 | 1.10 | 299,348 | 1.97 | |
RICOF | C | 6.8800 | 0.00 | 5,100 | 1.93 | |
CIG.C | D | 3.1200 | -3.41 | 128,854 | 1.58 | |
CRK | F | 5.0500 | -4.17 | 3,211,200 | 1.31 | |
COP | C | 46.0000 | 1.95 | 14,166,266 | 1.18 | |
CMU | B | 4.4300 | -0.23 | 56,501 | 1.16 | |
CLPR | C | 7.3700 | -1.21 | 90,318 | 1.11 | |
CHCT | C | 47.3500 | -1.33 | 122,970 | 1.06 | |
CEPU | F | 2.4500 | -1.61 | 160,876 | 1.04 | |
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