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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.
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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 | |
---|---|---|---|---|---|---|
MX1 | F | 0.088 | -2.22 | 1,777,874 | 3.38 | |
BML | D | 0.110 | -12.00 | 556,384 | 1.68 | |
REP | D | 0.625 | -1.57 | 882,295 | 1.57 | |
GRE | F | 0.190 | -5.00 | 238,547 | 1.27 | |
DOC | C | 0.060 | -3.23 | 243,453 | 1.07 |
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