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 | |
---|---|---|---|---|---|---|
CDPYF | B | 34.6300 | -0.47 | 19,600 | 3.12 | |
BRVMF | D | 2.5700 | -1.53 | 8,920 | 2.35 | |
HCMLF | B | 63.0600 | -1.08 | 2,100 | 1.97 | |
SRRTF | C | 9.1172 | -2.39 | 7,593 | 1.08 | |
MTNOY | D | 5.9600 | -0.67 | 7,662 | 0.20 |
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