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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 | |
---|---|---|---|---|---|---|
RFF | D | 1.975 | -1.25 | 1,241,933 | 3.21 | |
SKC | F | 1.240 | -1.98 | 534,587 | 2.49 | |
BBUS | F | 4.720 | -1.26 | 1,244,208 | 2.08 | |
NTI | F | 0.063 | -7.35 | 1,758,314 | 1.88 | |
FAL | D | 0.200 | -4.76 | 586,772 | 1.86 | |
TWE | D | 11.040 | -1.69 | 4,428,313 | 1.72 | |
ARL | F | 0.410 | -1.20 | 100,679 | 1.58 | |
AXE | F | 0.220 | -2.22 | 174,797 | 0.56 | |
BEAR | F | 7.690 | -0.52 | 29,776 | 0.54 | |
CVB | F | 0.165 | -5.71 | 42,331 | 0.14 |
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