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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 | |
---|---|---|---|---|---|---|
IT | D | 412.59 | -8.04 | 1,344,177 | 3.64 | |
SANM | C | 60.67 | -5.20 | 1,261,601 | 3.13 | |
NSC | D | 230.32 | -4.61 | 3,569,790 | 2.96 | |
CVI | D | 30.38 | -8.27 | 2,048,354 | 2.19 | |
LSXMA | F | 24.06 | -6.05 | 3,803,018 | 2.10 | |
ITW | D | 244.11 | -2.06 | 2,423,658 | 1.78 | |
AWI | C | 114.88 | -3.34 | 696,480 | 1.71 | |
AMT | D | 171.56 | -1.96 | 3,710,690 | 1.44 | |
SITC | C | 13.49 | -1.46 | 2,706,023 | 1.43 |
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