Stocks Making: Reversal New Lows Setup on 2017-02-22
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.
|Symbol||Grade||Name||% Change||Volume||Vol Surge|
|SIX||Six Flags Entertainment Corporation||-3.40||1,800,444||2.75|
|SPN||Superior Energy Services, Inc.||-1.20||6,824,681||2.35|
|NCMI||National CineMedia, Inc.||1.19||527,394||1.45|
|BZH||Beazer Homes USA, Inc.||-4.21||736,643||1.06|