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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 | |
---|---|---|---|---|---|---|
COB | F | 0.068 | -4.23 | 1,184,855 | 2.72 | |
BAP | D | 4.480 | -1.97 | 897,707 | 1.55 | |
SIX | C | 0.054 | -5.26 | 912,667 | 1.51 | |
AIS | F | 0.175 | -5.41 | 2,442,911 | 1.12 | |
IPD | F | 0.052 | -5.45 | 1,115,272 | 0.83 | |
AW1 | F | 0.064 | -3.03 | 1,371,426 | 0.58 | |
GAL | F | 0.120 | -11.11 | 53,111 | 0.38 |
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