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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 | |
---|---|---|---|---|---|---|
QML | F | 0.055 | -12.70 | 2,665,579 | 3.12 | |
AOF | C | 1.210 | -0.41 | 541,580 | 3.08 | |
EGH | C | 0.590 | -3.28 | 190,011 | 1.33 | |
TOY | F | 0.051 | -1.92 | 133,263 | 1.18 | |
AAC | F | 1.350 | -2.17 | 44,185 | 0.29 |
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