Invalid date chosen. Displaying data for the latest date instead.
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 | |
---|---|---|---|---|---|---|
CVW | F | 0.360 | -30.77 | 8,564,689 | 15.59 | |
LAT | F | 0.095 | -5.00 | 461,431 | 2.20 | |
CQR | D | 3.340 | -1.18 | 1,243,069 | 0.94 | |
ASN | F | 0.065 | -5.80 | 2,789,408 | 0.92 | |
FAL | F | 0.155 | -6.06 | 268,267 | 0.88 | |
CSL | D | 283.390 | -0.82 | 466,224 | 0.81 | |
GYG | D | 35.250 | -3.98 | 241,362 | 0.81 | |
DUG | F | 1.800 | -1.37 | 352,738 | 0.70 | |
IMM | F | 0.270 | -6.90 | 2,076,784 | 0.46 | |
FXG | D | 0.076 | -6.17 | 639,827 | 0.37 |
Recent Comments
- TRTCryptoCraig on Bad Quotes for 28 May...
- TraderMike on Bad Quotes for 28 May...
- TraderMike on Market Recap for Friday, May 31, 2024
- PleasantTurtle699 on Market Recap for Friday, May 31, 2024
- TraderMike on Market Recap for Friday, May 31, 2024
From the Blog
Featured Articles