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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:
IPO
Bullish
Swing Setup
Pullback
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Pro Scan
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
ILLMF | B | 1.3700 | -6.16 | 107,100 | 4.13 | |
HAWLM | C | 11.0000 | -0.72 | 4,800 | 3.65 | |
PTMEY | D | 3.1600 | -5.67 | 3,879 | 3.28 | |
GRPTY | B | 30.4860 | -12.27 | 2,700 | 2.70 | |
FFBB | C | 68.9700 | -0.19 | 7,700 | 2.11 | |
HAWLI | C | 9.5000 | -13.64 | 3,200 | 1.48 | |
ACFND | B | 6.5100 | -0.61 | 1,500 | 1.30 | |
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Related Scans:
IPO
Bullish
Swing Setup
Pullback
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
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