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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 | |
---|---|---|---|---|---|---|
DIR.UN | D | 12.960 | -2.99 | 1,969,895 | 3.93 | |
REAL | D | 7.310 | -2.79 | 221,463 | 2.04 | |
PFE | D | 12.760 | -1.92 | 96,421 | 1.92 | |
GRT.UN | D | 73.800 | -1.95 | 158,542 | 1.86 | |
IIP.UN | F | 10.950 | -2.58 | 690,388 | 1.40 | |
LCX | F | 2.670 | -1.11 | 19,540 | 0.81 |
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