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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 | |
---|---|---|---|---|---|---|
AEP | D | 1.260 | -3.08 | 267,800 | 2.42 | |
CIA | F | 4.870 | -3.56 | 506,017 | 1.55 | |
RCH | F | 37.620 | -2.31 | 65,556 | 1.55 | |
PD | D | 88.190 | -4.00 | 83,551 | 1.16 | |
BTCY | D | 5.260 | -4.88 | 51,850 | 1.07 | |
HUT | F | 12.210 | -4.68 | 1,011,087 | 0.78 | |
FSZ | C | 7.240 | -2.03 | 222,120 | 0.73 | |
LCX | F | 3.000 | -1.64 | 15,698 | 0.58 | |
III | D | 2.060 | -0.96 | 8,827 | 0.46 |
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