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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 | -0.83 | 979,580 | 2.84 | |
ARU | F | 0.120 | -4.00 | 9,350,486 | 2.61 | |
MSV | D | 0.325 | -4.41 | 446,728 | 1.54 | |
BRE | D | 2.300 | -6.12 | 183,546 | 1.48 | |
PER | F | 0.068 | -8.11 | 3,431,073 | 1.06 | |
KOB | F | 0.075 | -9.64 | 65,046 | 0.38 |
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