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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 | |
---|---|---|---|---|---|---|
HIQ | F | 0.016 | -11.11 | 1,170,179 | 6.08 | |
SOC | F | 0.095 | -9.52 | 415,364 | 3.75 | |
CCA | D | 0.048 | -7.69 | 722,894 | 3.70 | |
TRS | F | 3.780 | -2.83 | 61,394 | 1.80 | |
VVA | D | 1.350 | -2.88 | 77,380 | 1.38 | |
QXR | F | 0.011 | -8.33 | 1,100,235 | 1.37 | |
AMA | F | 0.044 | -4.35 | 1,331,246 | 0.65 | |
MVL | F | 0.008 | -11.11 | 236,322 | 0.19 | |
IFM | C | 1.565 | -0.95 | 173,128 | 0.19 | |
NDO | F | 0.870 | -1.69 | 18,869 | 0.09 | |
VPR | F | 0.001 | -50.00 | 101,306 | 0.05 | |
SLZ | F | 0.010 | -9.09 | 58,086 | 0.05 |
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