Earliest available date is 2022-04-22. Please choose that date or later.
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 | |
---|---|---|---|---|---|---|
POOL | D | 370.00 | -1.96 | 1,065,523 | 2.87 | |
MOH | D | 352.30 | -4.11 | 915,567 | 2.39 | |
GILD | F | 65.27 | -2.70 | 13,967,556 | 2.03 | |
ALLE | C | 124.87 | -1.32 | 931,973 | 1.27 | |
DCPH | D | 14.18 | -3.01 | 527,033 | 1.05 | |
ITW | C | 248.16 | -1.43 | 1,144,721 | 0.87 |
Popular Now
Recent Comments
- TraderMike on IZM
- SuccessfulGerbil321 on IZM
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
From the Blog
Featured Articles