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Stocks Making: Reversal New Lows Setup on
Rules (via 'Hit & Run Trading II'):
As always, the stock should be priced at more than $30 per share. The higher the price, the better
Today the stock must do all of the following:
For the short sale: tomorrow only, sell short 5 cents below today's low and risk 1 point.
Use a trailing stop and stay in the position until you are stopped out. This can be as short as a few hours to as long as a few days.
- It must trade under yesterday's low.
- It must then trade above yesterday's high (in other words, form an outside day).
- Today's range must be the largest range of the past five days, and today the stock must make a new 60-day low.
-
Related Scans:
Swing Setup
Bearish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
JJ | F | 0.050 | -9.09 | 1,070,000 | 7.82 | |
RHC | F | 0.115 | -20.69 | 1,816,089 | 4.00 | |
BCU | D | 0.070 | -6.67 | 187,257 | 3.91 | |
AFE | F | 0.070 | -6.67 | 241,016 | 3.61 | |
NGC | F | 0.135 | -12.90 | 142,928 | 2.07 | |
LOVE | F | 0.810 | -1.22 | 29,847 | 1.26 | |
GRN | F | 0.085 | -5.56 | 163,703 | 1.19 | |
DTOL | F | 8.380 | -6.26 | 10,827 | 1.00 | |
RVLY | F | 0.870 | -5.43 | 7,000 | 0.74 | |
RX | D | 8.400 | -1.18 | 3,736 | 0.70 | |
PEI | F | 0.070 | -6.67 | 177,311 | 0.35 | |
TXP | F | 0.730 | -1.35 | 22,687 | 0.33 | |
MONT | F | 0.140 | -6.67 | 6,251 | 0.30 | |
CMIL | F | 0.015 | -25.00 | 38,700 | 0.28 |
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