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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 | |
---|---|---|---|---|---|---|
AFP | F | 2.500 | -10.39 | 7,809 | 4.10 | |
AUC | F | 0.025 | -7.41 | 10,750,518 | 3.66 | |
NAG | F | 0.010 | -16.67 | 1,933,848 | 3.18 | |
G88 | F | 0.011 | -8.33 | 1,119,960 | 2.58 | |
SER | F | 0.009 | -10.00 | 854,600 | 2.14 | |
RBX | F | 0.030 | -9.09 | 84,496 | 1.55 | |
OAU | F | 0.005 | -10.00 | 7,161,262 | 1.40 | |
MLS | F | 0.020 | -4.76 | 748,114 | 1.23 | |
EGR | D | 0.140 | -6.67 | 150,394 | 1.00 | |
CAY | C | 0.070 | -1.41 | 381,596 | 0.90 | |
VNT | C | 3.550 | -1.93 | 1,296,719 | 0.51 | |
NZK | C | 0.220 | -10.20 | 14,266 | 0.38 | |
HGH | F | 0.900 | -1.10 | 1,713 | 0.05 |
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