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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 | |
---|---|---|---|---|---|---|
PAX | F | 12.71 | -5.08 | 1,265,547 | 3.50 | |
MCS | F | 12.05 | -8.09 | 1,105,635 | 2.72 | |
CYBR | D | 233.54 | -1.53 | 1,152,093 | 2.44 | |
AGCO | F | 110.63 | -1.35 | 1,544,953 | 2.26 | |
TFX | F | 198.73 | -6.06 | 706,548 | 2.16 | |
GIL | D | 33.53 | -3.06 | 1,644,155 | 1.94 | |
CBOE | D | 174.12 | -3.21 | 1,354,430 | 1.62 | |
JAZZ | F | 109.29 | -0.92 | 1,061,749 | 1.58 | |
RLJ | D | 10.70 | -2.37 | 1,895,067 | 1.55 | |
TPR | D | 38.79 | -1.77 | 3,740,100 | 0.98 |
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