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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 | |
---|---|---|---|---|---|---|
PFLT | C | 11.10 | -1.16 | 948,447 | 1.48 | |
AMRK | D | 37.28 | -4.04 | 420,540 | 1.31 | |
AVTR | F | 22.31 | -0.27 | 6,445,695 | 1.28 | |
VICI | D | 31.44 | -1.01 | 5,122,760 | 1.26 | |
LYB | F | 86.56 | -0.33 | 2,468,922 | 1.23 | |
INVX | F | 13.88 | -2.18 | 347,727 | 1.01 | |
YY | D | 33.10 | -2.79 | 279,922 | 0.73 |
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