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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 | |
---|---|---|---|---|---|---|
GT1 | F | 0.074 | -1.33 | 300,780 | 2.34 | |
KMD | F | 0.385 | -2.53 | 626,802 | 1.98 | |
MSV | D | 0.340 | -2.86 | 355,667 | 1.16 | |
NIM | F | 0.058 | -7.94 | 219,261 | 0.98 | |
ERD | F | 0.800 | -0.62 | 156,366 | 0.43 |
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