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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 | |
---|---|---|---|---|---|---|
VCM | D | 17.520 | -5.30 | 9,400 | 5.09 | |
EFN | D | 27.070 | -4.21 | 2,022,712 | 3.83 | |
GIB.A | D | 150.500 | -4.26 | 820,500 | 2.67 | |
MHCD | D | 11.740 | -1.10 | 6,875 | 2.37 | |
HHL | D | 8.080 | -1.46 | 284,766 | 2.04 | |
FSB | C | 9.640 | -0.21 | 10,170 | 1.93 | |
GPV | F | 1.190 | -1.65 | 40,435 | 1.54 | |
RTX | D | 28.389 | -3.78 | 11,097 | 1.20 | |
LIFE.B | D | 24.820 | -0.60 | 313 | 0.24 |
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