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
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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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