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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 | |
---|---|---|---|---|---|---|
SGI | C | 0.195 | -9.30 | 2,239,502 | 8.63 | |
FL1 | F | 0.205 | -8.89 | 195,187 | 1.48 | |
SOR | F | 0.061 | -0.82 | 303,621 | 1.21 | |
HAR | F | 0.100 | -9.09 | 186,364 | 0.98 | |
PIM | F | 0.071 | -5.33 | 113,527 | 0.92 |
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