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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 | |
---|---|---|---|---|---|---|
SXL | F | 0.475 | -5.00 | 6,792,586 | 12.62 | |
TOE | F | 0.190 | -9.52 | 1,513,428 | 4.46 | |
EYE | F | 0.170 | -8.11 | 549,496 | 1.64 | |
AGN | D | 0.750 | -5.06 | 182,245 | 1.17 | |
DXB | D | 0.360 | -5.26 | 3,287,568 | 1.03 | |
SLH | D | 1.285 | -0.39 | 51,323 | 0.88 | |
3DP | D | 0.050 | -5.66 | 653,105 | 0.58 |
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