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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 | |
---|---|---|---|---|---|---|
GDNP | F | 0.040 | -11.11 | 1,184,939 | 7.81 | |
NXLV | D | 1.700 | -0.58 | 20,700 | 4.78 | |
ROOT | F | 2.250 | -6.25 | 13,893 | 2.48 | |
WFLD | F | 0.045 | -10.00 | 453,183 | 1.92 | |
HAR | F | 0.105 | -4.55 | 101,000 | 1.80 | |
JFS.UN | C | 25.340 | -0.16 | 8,067 | 1.65 | |
DN | F | 0.020 | -20.00 | 489,784 | 0.44 | |
FO | F | 0.115 | -4.17 | 3,598 | 0.02 |
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