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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 | |
---|---|---|---|---|---|---|
IFN | F | 17.32 | -3.35 | 450,505 | 3.80 | |
ENJ | D | 22.44 | -2.43 | 3,491 | 1.95 | |
SEA | F | 15.86 | -1.38 | 10,711 | 1.64 | |
PIE | F | 19.69 | -1.69 | 20,147 | 0.98 | |
JDOC | F | 57.85 | -1.29 | 437 | 0.78 | |
INTL | F | 22.67 | -1.57 | 13,505 | 0.65 |
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