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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 | |
---|---|---|---|---|---|---|
ATXI | F | 4.20 | -6.87 | 1,085,816 | 17.05 | |
SUZ | F | 10.39 | -11.57 | 12,340,805 | 7.76 | |
VNO | F | 24.21 | -9.09 | 5,842,321 | 3.00 | |
ARMK | C | 30.75 | -2.75 | 6,355,400 | 2.51 | |
ROK | F | 272.04 | -1.93 | 2,383,384 | 2.50 | |
PINC | F | 19.41 | -6.32 | 3,998,267 | 2.29 | |
MKTX | F | 200.89 | -2.39 | 686,979 | 1.70 | |
YTEN | F | 4.83 | -6.21 | 137,781 | 0.92 |
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