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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 | |
---|---|---|---|---|---|---|
MP1 | C | 14.100 | -1.33 | 2,732,117 | 3.99 | |
MAY | F | 0.055 | -5.17 | 10,307,399 | 3.94 | |
RFX | F | 0.100 | -13.04 | 1,055,856 | 3.58 | |
NOU | D | 0.115 | -4.17 | 261,547 | 2.45 | |
MCA | F | 0.110 | -4.35 | 382,721 | 2.21 | |
LDX | F | 0.053 | -3.64 | 2,421,594 | 1.09 | |
DTZ | F | 0.120 | -11.11 | 208,425 | 0.87 |
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