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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 | |
---|---|---|---|---|---|---|
LBAY | F | 25.47 | -1.20 | 89,296 | 17.39 | |
PZZA | F | 45.97 | -2.15 | 2,033,104 | 1.82 | |
UVE | D | 18.40 | -1.92 | 286,287 | 1.68 | |
STHO | F | 11.33 | -6.05 | 55,294 | 1.66 | |
SHAK | D | 86.57 | -3.81 | 1,300,343 | 1.61 | |
SNA | F | 256.90 | -1.72 | 376,381 | 1.38 | |
FNGD | F | 23.10 | -6.29 | 2,370,320 | 1.34 | |
GPC | D | 133.85 | -3.23 | 1,224,325 | 1.29 | |
WAT | F | 282.70 | -2.56 | 627,508 | 1.26 | |
RCMT | F | 18.19 | -2.83 | 73,569 | 1.25 | |
DSGR | F | 29.04 | -3.20 | 67,078 | 1.18 | |
BIO | F | 263.97 | -3.35 | 300,985 | 1.16 | |
SPTN | F | 18.26 | -2.67 | 310,010 | 1.15 | |
BNTX | F | 78.83 | -1.90 | 887,003 | 1.12 | |
QDEL | F | 31.63 | -4.79 | 1,034,604 | 1.10 | |
XRAY | F | 24.63 | -1.12 | 2,620,502 | 1.09 | |
RSPS | D | 30.39 | -0.72 | 57,935 | 1.08 | |
RBLD | D | 59.65 | -0.93 | 817 | 1.02 | |
MDT | D | 77.12 | -2.02 | 6,520,540 | 1.02 | |
KHC | D | 31.86 | -1.12 | 7,752,688 | 0.99 | |
BSMC | D | 28.46 | -0.53 | 11,049 | 0.96 | |
VREX | F | 14.29 | -2.99 | 392,678 | 0.91 | |
BWA | F | 31.49 | -2.33 | 2,447,843 | 0.87 | |
ALNT | F | 24.39 | -3.48 | 90,294 | 0.85 | |
YUMC | F | 30.54 | -0.97 | 2,324,276 | 0.85 | |
HUN | F | 22.38 | -1.71 | 1,472,482 | 0.84 | |
REZI | D | 19.28 | -1.43 | 612,410 | 0.82 | |
BIDU | F | 86.21 | -0.31 | 2,609,548 | 0.80 | |
CRL | F | 203.24 | -1.62 | 418,372 | 0.79 | |
OI | F | 10.72 | -3.68 | 1,487,497 | 0.78 | |
DFH | F | 24.78 | -4.03 | 350,189 | 0.78 | |
AEO | F | 19.40 | -2.81 | 3,691,069 | 0.77 | |
GES | F | 19.64 | -3.73 | 1,142,603 | 0.77 | |
SMP | F | 27.04 | -2.49 | 134,005 | 0.77 | |
PEB | D | 13.18 | -4.15 | 1,157,311 | 0.76 | |
RPM | D | 105.92 | -1.63 | 452,786 | 0.73 | |
CCOR | F | 24.72 | -0.82 | 32,400 | 0.70 | |
DAN | F | 11.84 | -2.31 | 804,047 | 0.65 | |
WEC | D | 77.69 | -0.98 | 1,227,009 | 0.64 | |
MSFD | F | 12.74 | -2.23 | 49,747 | 0.58 | |
PRLB | F | 29.85 | -3.37 | 90,329 | 0.57 | |
FLN | D | 17.52 | -0.68 | 24,955 | 0.52 | |
ELD | D | 26.06 | -1.14 | 8,932 | 0.43 | |
FINE | F | 22.89 | -0.26 | 217 | 0.28 |
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