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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 | |
---|---|---|---|---|---|---|
BRU | D | 0.092 | -6.12 | 1,906,800 | 5.31 | |
NTI | C | 0.082 | -9.89 | 12,065,946 | 4.81 | |
MOZ | F | 0.110 | -6.38 | 482,575 | 2.89 | |
BSX | F | 0.051 | -5.56 | 500,555 | 0.87 | |
VIT | F | 0.105 | -16.00 | 587,462 | 0.87 | |
WAM | D | 1.475 | -0.67 | 791,542 | 0.70 | |
PPE | F | 0.895 | -5.29 | 215,065 | 0.65 | |
DDR | C | 10.470 | -1.69 | 366,741 | 0.48 | |
MOV | F | 0.340 | -32.00 | 38,597 | 0.24 |
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