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.
    1. Related Scans: IPO Bullish Swing Setup Pullback
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    Results have been limited to 4 of the 9 matching stocks. For full access to this scan you must sign up for a Free Account
    Symbol Grade Close % Change Volume Vol Surge
    CHVKF D 1.9900 0.00 42,000 2.42
    DSHKN D 6.7500 -8.78 4,400 2.20
    PRETL D 1.8900 1.07 7,700 0.95
    TELDY D 13.8780 -1.15 1,209 0.42
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    Related Scans: IPO Bullish Swing Setup Pullback
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