Stocks Making: Gilligan's Island Sell Setup on
Rules (via 'Hit & Run Trading'):
A stock must gap open to a new two-month high. The bigger the gap the better.
The stock must close at or in the bottom 50 percent of its daily range and equal to or below the opening.
For the short sell: The next day only, sell short 10 cents under today's low.
Risk 1 point.
Carry the position overnight if it closes weakly.
-
Related Scans:
Swing Setup
Bearish
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
No stocks found.
Try modifying the filters above to something less restrictive. For example, lower the minimum required volume
or change the min or max price, etc.
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