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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 | |
---|---|---|---|---|---|---|
AIV | F | 0.006 | -14.29 | 884,134 | 7.37 | |
ZLD | F | 0.680 | -5.56 | 24,262 | 6.36 | |
CC9 | F | 0.210 | -6.67 | 347,507 | 3.84 | |
MX1 | F | 0.088 | -2.22 | 1,777,874 | 3.38 | |
THR | F | 0.017 | -5.56 | 813,540 | 2.38 | |
A1G | F | 0.024 | -27.27 | 255,101 | 2.27 | |
NKL | F | 0.018 | -10.00 | 460,706 | 2.27 | |
BML | D | 0.110 | -12.00 | 556,384 | 1.68 | |
REP | D | 0.625 | -1.57 | 882,295 | 1.57 | |
BDG | F | 0.018 | -14.29 | 552,476 | 1.48 | |
GRE | F | 0.190 | -5.00 | 238,547 | 1.27 | |
DOC | C | 0.060 | -3.23 | 243,453 | 1.07 | |
PRM | F | 0.006 | -14.29 | 93,392 | 0.25 |
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