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
Pro Scan
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
CSCCF | B | 3.5790 | 4.34 | 271,600 | 7.29 | |
CIPI | C | 1.0500 | -4.55 | 2,500 | 1.71 | |
RNGTD | B | 8.3520 | 0.99 | 9,910 | 1.29 | |
FLESD | B | 8.0000 | 0.00 | 1,000 | 0.83 | |
DODRW | A | 1.5800 | 30.58 | 6,754 | 0.78 | |
AGSS | B | 2.5000 | -1.96 | 7,100 | 0.72 | |
MYCOD | B | 1.0500 | -3.67 | 13,600 | 0.55 | |
RVIC | B | 1.0800 | 0.00 | 69,400 | 0.44 | |
SPOID | B | 1.9800 | 80.00 | 813 | 0.34 | |
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