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 | |
---|---|---|---|---|---|---|
MAYS | F | 42.00 | -0.36 | 1,405 | 5.20 | |
QRVO | F | 65.66 | -0.94 | 2,089,465 | 1.26 | |
EPRF | D | 18.98 | -0.69 | 10,441 | 1.25 | |
HBANP | D | 19.02 | -0.78 | 36,279 | 0.94 | |
DCOMP | D | 19.09 | -2.20 | 5,507 | 0.69 |
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