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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 | |
---|---|---|---|---|---|---|
ARN | F | 0.062 | -4.62 | 1,575,016 | 18.15 | |
SMS | F | 0.031 | -13.89 | 632,175 | 4.15 | |
MHK | F | 0.058 | -3.33 | 314,115 | 3.07 | |
ATC | D | 0.060 | -3.23 | 2,520,495 | 2.05 | |
AFA | F | 0.040 | -18.37 | 16,000 | 1.99 | |
DUN | F | 0.027 | -3.57 | 172,175 | 1.77 | |
PUA | F | 0.002 | -33.33 | 1,711,000 | 1.70 | |
4DX | D | 0.570 | -0.87 | 791,381 | 1.23 | |
T92 | F | 0.135 | -3.57 | 124,290 | 1.19 | |
OCT | F | 0.040 | -4.76 | 75,000 | 1.11 | |
IEC | F | 0.001 | -50.00 | 4,491,000 | 0.99 | |
AQX | F | 0.004 | -11.11 | 3,206,904 | 0.97 | |
DM1 | F | 0.020 | -13.04 | 1,095,667 | 0.87 | |
FLC | B | 0.145 | -6.45 | 959,418 | 0.81 | |
ECS | D | 0.018 | -5.26 | 1,236,415 | 0.61 | |
THR | F | 0.016 | -5.88 | 122,677 | 0.37 | |
ION | F | 0.007 | -12.50 | 137,000 | 0.27 | |
CF1 | F | 0.014 | -12.50 | 55,439 | 0.16 | |
BCT | F | 0.006 | -14.29 | 165,000 | 0.08 | |
WGN | D | 0.887 | -4.62 | 7,075 | 0.07 | |
JAY | F | 0.011 | -8.33 | 23,508 | 0.05 |
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