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 | |
---|---|---|---|---|---|---|
LJP3 | F | 4.04 | -1.88 | 39,256 | 3.58 | |
SGLO | F | 73.90 | -0.28 | 13,245 | 2.98 | |
HANA | F | 160.00 | -2.14 | 72,039 | 2.66 | |
BGS | D | 142.00 | -0.42 | 581,829 | 1.19 | |
ELM | D | 107.00 | -3.25 | 833,882 | 1.02 | |
UKW | D | 149.10 | -1.39 | 2,451,105 | 0.67 | |
OMIP | F | 4.75 | -7.32 | 40,252 | 0.62 | |
CKN | D | 2855.00 | -1.38 | 22,461 | 0.49 | |
MPE | F | 780.00 | -3.70 | 25,188 | 0.46 | |
0FJC | F | 8.13 | -6.07 | 13,379 | 0.38 | |
HAT | D | 417.00 | -0.95 | 37,726 | 0.37 | |
CLMU | C | 47.93 | -0.25 | 8 | 0.01 | |
TIPA | F | 20.99 | -0.31 | 49 | 0.01 | |
0IQU | D | 7.49 | -1.41 | 1,514 | 0.01 | |
0J1Z | D | 3.56 | -1.52 | 2,850 | 0.01 | |
0ML1 | F | 18.88 | -1.72 | 2,235 | 0.01 | |
0GNK | F | 186.30 | -0.53 | 1 | 0.00 | |
0NQC | C | 568.30 | -5.13 | 15 | 0.00 | |
0OF7 | D | 4.53 | -1.44 | 1,857 | 0.00 |
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