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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 | |
---|---|---|---|---|---|---|
OKTA | C | 88.81 | -7.84 | 9,802,510 | 6.67 | |
DG | F | 127.94 | -8.14 | 9,924,285 | 4.37 | |
MNST | F | 51.24 | -1.71 | 14,503,992 | 2.42 | |
MRK | C | 124.53 | -1.09 | 13,000,322 | 1.77 | |
GPCR | F | 33.76 | -6.79 | 660,476 | 1.25 | |
KRNT | F | 14.14 | -0.35 | 316,150 | 0.98 | |
VKTX | D | 61.78 | -3.18 | 2,360,503 | 0.70 |
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