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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 | |
---|---|---|---|---|---|---|
CGON | F | 36.27 | -8.18 | 2,442,775 | 4.26 | |
BILL | F | 56.58 | -10.62 | 7,367,558 | 3.88 | |
TRUP | F | 19.85 | -16.53 | 2,329,404 | 3.76 | |
TDS | D | 14.36 | -11.41 | 2,467,606 | 2.79 | |
TRMB | D | 55.93 | -6.92 | 3,315,478 | 2.42 | |
XPOF | F | 11.53 | -14.15 | 1,694,473 | 2.14 | |
ADNT | F | 27.41 | -9.30 | 2,258,119 | 2.12 | |
PINC | F | 20.53 | -3.25 | 1,853,339 | 1.11 | |
PWSC | F | 16.58 | -1.84 | 807,659 | 0.95 | |
EVH | F | 27.10 | -1.13 | 820,545 | 0.92 | |
FLYW | F | 19.81 | -2.17 | 1,297,496 | 0.86 | |
SIBN | F | 14.20 | -2.81 | 396,112 | 0.85 |
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