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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 | |
---|---|---|---|---|---|---|
ARU | F | 0.140 | -3.45 | 4,353,600 | 1.41 | |
MGR | C | 2.110 | -2.31 | 14,111,519 | 1.17 | |
VCX | D | 2.110 | -1.86 | 12,394,884 | 1.16 | |
WA8 | F | 0.050 | -7.41 | 2,684,545 | 0.95 | |
GPT | C | 4.640 | -1.49 | 5,997,495 | 0.94 | |
NEC | F | 1.095 | -3.10 | 3,612,934 | 0.92 | |
RHC | F | 38.280 | -2.52 | 428,558 | 0.69 | |
CIP | D | 3.040 | -0.65 | 947,381 | 0.66 |
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