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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 | |
---|---|---|---|---|---|---|
CPHC | F | 21.45 | -0.23 | 11,196 | 4.16 | |
ASCB | D | 11.14 | -0.36 | 57,621 | 3.78 | |
KPOP | F | 13.82 | -0.66 | 1,938 | 2.90 | |
EICB | B | 24.74 | -0.23 | 6,229 | 2.01 | |
ZIG | D | 35.87 | -1.25 | 7,870 | 1.97 | |
FDBC | F | 41.55 | -4.15 | 11,038 | 1.88 | |
BOC | F | 12.60 | -3.00 | 350,389 | 1.47 | |
MEOH | D | 47.33 | -3.51 | 211,902 | 0.86 | |
BZ | D | 17.68 | -6.41 | 3,082,528 | 0.75 | |
CVEO | D | 23.06 | -2.25 | 24,567 | 0.51 | |
NSP | F | 89.06 | -1.55 | 103,730 | 0.44 |
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