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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 | |
---|---|---|---|---|---|---|
NSCC | C | 22.150 | -0.18 | 7,300 | 6.00 | |
XRE | D | 15.660 | -0.57 | 1,007,700 | 2.03 | |
D.UN | D | 19.020 | -3.35 | 49,500 | 1.86 | |
XGGB | F | 18.300 | -0.16 | 45,354 | 1.63 | |
DIR.UN | F | 12.590 | -0.71 | 685,371 | 1.36 | |
OML | D | 1.200 | -4.00 | 5,500 | 0.25 |
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