1. James De Franco, Organizer Long Island Stock traders Meetup Group
REVERSAL NEW HiGHS
December 9, 2014
James De Franco, Organizer
Long Island Stock traders Meetup Group

2. Stock should be above $30/share, The higher the share price the better
Stock must be trading below yesterday’s low and above yesterday’s high.
This is known as an outside day.
It must make a new 60 day high
Above the 200 DMA

3. The range must be the largest range of the past 5 days.
Buy tomorrow but not more than 15 cents above yesterday’s close
If it opens more than 15 cents, wait for a pull back, or use your discretion.
If executed put in a trailing stop one point below.
Look for up to a 3 point profit. This gives you a
3 to 1 reward/risk ratio.

4. Sources:
Bullish engulfing candle
New 52 week highs
Click on the Chart icon to get the chart
Or copy the page into EXCEL
Can then be download into Telechart 2000,
Vector Vest, etc.\
Found: WDC Bght at 103.
PLT at

6.
Found AMAT (upgrade) - Bght at 24.37