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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 | |
---|---|---|---|---|---|---|
CCV | D | 0.205 | -4.65 | 2,929,258 | 7.13 | |
DEG | D | 1.230 | -2.77 | 19,877,726 | 4.02 | |
BYH | F | 0.007 | -12.50 | 2,705,420 | 2.65 | |
RHY | F | 0.079 | -1.25 | 283,731 | 2.35 | |
RML | F | 0.002 | -33.33 | 2,199,000 | 1.96 | |
TVN | D | 0.050 | -3.85 | 1,413,965 | 1.36 | |
PSL | F | 0.013 | -3.85 | 389,705 | 1.20 | |
DUN | F | 0.025 | -3.85 | 115,050 | 1.18 | |
TSI | F | 0.145 | -14.71 | 44,037 | 1.03 | |
HIO | F | 0.030 | -3.23 | 1,878,548 | 1.00 | |
T3D | D | 0.006 | -14.29 | 40,285 | 0.78 | |
MRR | F | 0.012 | -4.17 | 565,309 | 0.29 | |
TMR | F | 0.004 | -11.11 | 425,356 | 0.21 | |
LPD | F | 0.002 | -33.33 | 1,101,851 | 0.12 | |
WBE | F | 0.012 | -7.69 | 34,200 | 0.12 | |
ENL | F | 0.500 | -3.85 | 1,305 | 0.04 |
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