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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 | |
---|---|---|---|---|---|---|
CCX | F | 0.330 | -5.71 | 4,429,706 | 13.25 | |
EEL | F | 0.004 | -20.00 | 15,459,861 | 9.60 | |
PRM | F | 0.006 | -14.29 | 3,261,746 | 4.81 | |
NAE | F | 0.003 | -25.00 | 9,835,000 | 4.16 | |
TOY | F | 0.009 | -10.00 | 5,078,352 | 3.08 | |
MQR | F | 0.012 | -14.29 | 2,244,020 | 2.72 | |
OD6 | F | 0.068 | -2.86 | 228,333 | 2.56 | |
SDI | C | 0.795 | -4.22 | 66,605 | 2.54 | |
AYA | D | 0.250 | -12.28 | 120,960 | 2.29 | |
ZNC | F | 0.070 | -6.67 | 189,459 | 2.10 | |
MVP | F | 0.400 | -6.98 | 285,611 | 1.33 | |
EWC | F | 0.010 | -9.09 | 666,946 | 1.17 | |
QYLD | D | 11.510 | -0.78 | 4,868 | 1.05 | |
CPO | F | 0.038 | -7.32 | 2,256,014 | 0.84 | |
CYC | F | 1.560 | -2.50 | 28,687 | 0.72 | |
ECT | F | 0.003 | -25.00 | 827,905 | 0.55 | |
IME | D | 0.450 | -6.25 | 6,700 | 0.35 | |
AAU | F | 0.010 | -9.09 | 1,135,391 | 0.34 |
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