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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.
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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 | |
---|---|---|---|---|---|---|
BIIB | F | 164.89 | -0.54 | 3,201,611 | 2.40 | |
POST | D | 107.78 | -1.54 | 739,341 | 1.68 | |
SNY | F | 47.82 | -3.41 | 2,973,065 | 1.60 | |
BNTX | D | 103.56 | -7.10 | 1,702,837 | 1.51 | |
HCA | D | 345.51 | -1.09 | 1,835,706 | 1.32 | |
GSK | F | 34.00 | -2.05 | 7,026,212 | 1.26 | |
ATXS | F | 10.09 | -4.90 | 278,968 | 0.88 |
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