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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 | |
---|---|---|---|---|---|---|
REP | F | 0.595 | -1.65 | 1,065,617 | 3.07 | |
GTN | C | 0.447 | -3.87 | 511,355 | 1.63 | |
FRE | F | 0.052 | -3.70 | 88,363 | 0.81 | |
NHF | F | 5.570 | -1.24 | 1,036,814 | 0.69 | |
CCG | C | 0.070 | -4.11 | 89,493 | 0.25 |
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