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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.
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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 | |
---|---|---|---|---|---|---|
SDD | F | 12.83 | -3.89 | 2,794 | 2.45 | |
GHIXU | F | 10.31 | -2.55 | 5,700 | 1.98 | |
CMBT | F | 11.52 | -2.04 | 137,857 | 1.55 | |
SVT | F | 11.07 | -3.15 | 3,236 | 1.20 | |
BOCN | F | 10.90 | -4.89 | 2,722 | 0.16 |
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