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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 | |
---|---|---|---|---|---|---|
ASNS | F | 0.60 | -24.04 | 3,803,790 | 42.98 | |
BHRB | F | 51.67 | -1.13 | 142,920 | 10.11 | |
NCL | F | 0.42 | -6.96 | 525,297 | 3.64 | |
PAX | F | 12.71 | -5.08 | 1,203,021 | 3.34 | |
CONX | F | 9.20 | -12.55 | 12,088 | 3.13 | |
MCS | F | 12.05 | -8.09 | 1,105,017 | 2.71 | |
CYBR | D | 233.54 | -1.53 | 1,130,237 | 2.40 | |
AGCO | F | 110.63 | -1.35 | 1,544,948 | 2.26 | |
TFX | F | 198.73 | -6.06 | 669,319 | 2.05 | |
GIL | D | 33.53 | -3.06 | 1,631,703 | 1.92 | |
NOA | F | 20.63 | -2.32 | 128,443 | 1.84 | |
SRI | F | 14.80 | -1.07 | 183,721 | 1.67 | |
JAZZ | F | 109.29 | -0.92 | 1,061,168 | 1.58 | |
RLJ | D | 10.70 | -2.37 | 1,895,067 | 1.55 | |
AXGN | F | 5.88 | -10.37 | 372,472 | 1.08 | |
TPR | D | 38.79 | -1.77 | 3,739,225 | 0.98 | |
TRES | F | 17.26 | -0.14 | 4,978 | 0.77 |
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