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 | |
---|---|---|---|---|---|---|
PH2 | F | 0.122 | -6.15 | 1,005,220 | 2.34 | |
GT1 | F | 0.081 | -4.71 | 270,486 | 1.95 | |
PER | F | 0.078 | -1.27 | 4,803,734 | 1.82 | |
STP | D | 1.480 | -2.63 | 487,940 | 1.48 | |
MYE | F | 0.150 | -9.09 | 121,363 | 1.15 | |
REP | C | 0.645 | -2.27 | 322,055 | 1.06 | |
HUM | D | 0.670 | -4.96 | 847,373 | 0.73 |
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