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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 | |
---|---|---|---|---|---|---|
CNQ | F | 0.260 | -10.34 | 314,955 | 8.21 | |
AMA | F | 0.048 | -7.69 | 9,425,489 | 4.94 | |
T88 | F | 0.065 | -5.80 | 146,088 | 4.37 | |
AIV | F | 0.005 | -16.67 | 582,360 | 3.87 | |
AND | C | 2.300 | -5.74 | 800,956 | 3.80 | |
WYX | F | 0.042 | -16.00 | 261,094 | 3.06 | |
ATC | D | 0.059 | -1.67 | 3,272,224 | 2.64 | |
4DX | F | 0.555 | -2.63 | 1,749,985 | 2.59 | |
TZL | F | 0.018 | -5.26 | 535,713 | 2.44 | |
TPW | C | 10.360 | -15.98 | 876,423 | 2.03 | |
ARB | C | 37.150 | -3.91 | 280,278 | 1.91 | |
PWR | F | 2.150 | -2.27 | 163,808 | 1.62 | |
TMX | F | 0.003 | -25.00 | 3,074,183 | 1.54 | |
MMS | C | 17.810 | -1.38 | 298,007 | 1.39 | |
KM1 | F | 0.400 | -1.23 | 161,197 | 1.37 | |
QXR | F | 0.011 | -8.33 | 1,004,907 | 1.22 | |
AX1 | D | 1.790 | -2.45 | 1,228,549 | 1.11 | |
PMV | C | 28.950 | -2.88 | 264,951 | 1.09 | |
MI6 | F | 0.140 | -3.45 | 140,727 | 1.04 | |
CNU | F | 6.520 | -1.06 | 281,635 | 0.61 | |
PPM | C | 1.420 | -2.41 | 91,771 | 0.56 | |
HUM | D | 0.440 | -2.22 | 190,300 | 0.37 | |
TMB | F | 0.066 | -2.94 | 41,911 | 0.37 | |
TOT | F | 0.395 | -2.47 | 75,400 | 0.32 | |
RPM | F | 0.062 | -1.59 | 36,214 | 0.12 | |
ECT | F | 0.004 | -20.00 | 44,127 | 0.04 |
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