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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 | |
---|---|---|---|---|---|---|
BRU | F | 0.079 | -4.82 | 3,221,729 | 6.93 | |
BNZ | F | 0.125 | -3.85 | 217,504 | 1.50 | |
RMC | F | 0.850 | -2.30 | 157,836 | 1.32 | |
ELT | D | 0.105 | -8.70 | 179,039 | 1.13 | |
TOT | F | 0.375 | -2.60 | 107,564 | 0.81 |
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