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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 | |
---|---|---|---|---|---|---|
IBLC | F | 24.21 | -5.19 | 35,730 | 3.56 | |
FRMEP | A | 25.01 | -1.54 | 3,826 | 3.15 | |
HIGH | F | 23.28 | -0.75 | 512,314 | 2.06 | |
IMOS | F | 21.89 | -1.71 | 34,463 | 1.79 | |
IEZ | F | 19.53 | -1.96 | 165,108 | 1.18 | |
XPRO | F | 17.72 | -3.17 | 1,266,584 | 1.17 | |
APA | F | 25.24 | -2.79 | 5,689,076 | 1.08 | |
MXF | F | 14.49 | -0.96 | 49,845 | 1.08 | |
CBRL | F | 37.33 | -2.07 | 690,535 | 1.06 | |
EMR | D | 98.19 | -1.78 | 2,780,852 | 1.02 | |
VITL | D | 29.28 | -4.03 | 878,129 | 0.93 | |
OII | C | 23.60 | -4.80 | 734,701 | 0.92 | |
TTGT | F | 24.85 | -2.13 | 83,727 | 0.68 | |
SPT | F | 27.08 | -4.28 | 412,708 | 0.66 | |
FLMX | F | 25.64 | -1.12 | 20,944 | 0.35 |
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