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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 | |
---|---|---|---|---|---|---|
ASH | B | 94.50 | -0.87 | 925,749 | 2.76 | |
PSN | D | 77.63 | -1.12 | 2,363,787 | 2.25 | |
PCTY | F | 149.24 | -3.82 | 803,685 | 2.12 | |
PK | D | 15.97 | -0.99 | 5,383,783 | 2.09 | |
PLD | F | 101.88 | -0.17 | 5,526,221 | 1.51 | |
LZB | D | 32.71 | -0.40 | 382,115 | 0.89 | |
KMX | F | 67.21 | -1.12 | 1,788,644 | 0.84 |
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