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 | |
---|---|---|---|---|---|---|
BABO | F | 18.71 | -1.94 | 138,365 | 2.59 | |
CDRE | D | 32.52 | -2.93 | 368,982 | 1.83 | |
THRY | F | 13.73 | -1.86 | 751,767 | 1.79 | |
MEDX | F | 27.16 | -3.04 | 1,634 | 1.68 | |
OZKAP | D | 17.46 | -1.58 | 51,006 | 1.61 | |
INCM | C | 26.75 | -0.15 | 212,201 | 1.51 | |
SGLC | B | 35.91 | -1.64 | 12,689 | 1.29 | |
FCX | F | 42.70 | -1.32 | 12,902,091 | 1.10 | |
NXN | C | 11.88 | -0.24 | 6,291 | 0.84 | |
TNK | F | 43.21 | -3.59 | 286,316 | 0.82 | |
CPER | D | 25.60 | -0.51 | 78,209 | 0.55 | |
FMY | D | 11.85 | -0.71 | 3,157 | 0.23 |
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