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 | |
---|---|---|---|---|---|---|
ZEF | D | 12.310 | -0.40 | 26,600 | 6.80 | |
LPAY | F | 26.700 | -1.00 | 18,100 | 2.16 | |
MI.UN | F | 14.090 | -1.74 | 196,200 | 1.82 | |
XIG | D | 19.870 | -0.55 | 19,300 | 1.70 | |
ZGSB | D | 27.280 | -0.04 | 2,230 | 1.59 | |
ZUAG.F | D | 29.530 | -0.24 | 1,300 | 0.85 | |
MPAY.U | F | 19.300 | -0.52 | 4,000 | 0.74 |
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