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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 | |
---|---|---|---|---|---|---|
CAL | F | 49.20 | -0.61 | 218,689 | 2.22 | |
0IXT | F | 0.01 | -0.76 | 540,540 | 1.85 | |
CDCE | D | 151.32 | -2.08 | 32 | 1.28 | |
SAAA | F | 59.83 | -0.43 | 521 | 0.93 | |
0J9P | F | 51.21 | -2.29 | 1,510 | 0.46 | |
0L9J | D | 19.05 | -0.73 | 83 | 0.06 | |
0D1W | F | 0.00 | -4.35 | 102,108 | 0.05 | |
0K8M | D | 231.17 | -3.94 | 88 | 0.03 | |
0RPR | F | 614.00 | -38.87 | 162 | 0.03 | |
0QYQ | F | 65.08 | -1.66 | 2 | 0.01 |
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