Stocks Making: Jack-in-the-Box Bearish on
Rules (via 'Hit & Run Trading II'):
Day 1 - Stock must make an expansion breakdown (XBD).
Day 2 - Stock must form an inside day.
Sell short the day after the inside day, 5 cents below the XBD day's low and risk one point.
If the stock closes strongly (weakly) in the bottom of the day's range, hold at least half of your position overnight, as it's likely to follow through the next day.
-
Related Scans:
Low Volatility
Swing Setup
Range Contraction
Bearish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
WKT | F | 0.094 | 2.17 | 240,527 | 0.92 | |
WSI | F | 0.110 | 0.00 | 98,274 | 0.75 | |
RCE | D | 0.445 | 0.00 | 110,098 | 0.71 | |
SM1 | F | 0.360 | 5.88 | 5,676 | 0.04 |
Related Scans:
Low Volatility
Swing Setup
Range Contraction
Bearish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
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