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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 | |
---|---|---|---|---|---|---|
SLM | F | 0.065 | -13.33 | 385,184 | 6.97 | |
VHM | F | 0.300 | -14.29 | 408,626 | 5.07 | |
HTA | F | 0.024 | -7.69 | 73,557 | 2.09 | |
AON | F | 0.012 | -7.69 | 1,249,230 | 1.19 | |
AUK | F | 0.004 | -20.00 | 1,128,852 | 0.58 | |
AVA | F | 0.110 | -8.33 | 31,378 | 0.47 | |
MAN | F | 0.021 | -4.55 | 247,272 | 0.39 | |
MKR | D | 0.026 | -3.70 | 221,507 | 0.24 | |
SFG | F | 0.001 | -50.00 | 75,955 | 0.03 |
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