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 | |
---|---|---|---|---|---|---|
IBMR | C | 25.08 | -0.30 | 449,638 | 8.82 | |
ARL | F | 13.85 | -4.48 | 34,581 | 5.29 | |
PFE | D | 28.46 | -1.39 | 102,201,630 | 3.49 | |
DIT | F | 129.82 | -3.84 | 364 | 2.68 | |
TIMB | F | 14.29 | -5.74 | 1,267,319 | 2.60 | |
USFI | D | 24.57 | -0.36 | 204 | 1.82 | |
SYY | F | 74.17 | -1.24 | 5,900,158 | 1.81 | |
SAFE | D | 22.48 | -4.42 | 496,022 | 1.44 | |
CMPR | F | 75.59 | -2.00 | 156,405 | 1.05 | |
DFNM | C | 47.93 | -0.11 | 74,864 | 0.99 | |
DSCF | D | 22.92 | -0.10 | 1,605 | 0.42 |
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