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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 | |
---|---|---|---|---|---|---|
VNM | F | 12.06 | -0.54 | 1,231,707 | 4.45 | |
MOH | F | 275.00 | -3.16 | 1,651,645 | 3.03 | |
WFRD | F | 81.16 | -3.35 | 2,737,896 | 2.99 | |
MBND | D | 27.51 | -0.54 | 7,732 | 2.54 | |
EVTR | F | 50.68 | -0.22 | 459,315 | 2.53 | |
AVY | F | 207.65 | -2.23 | 1,019,756 | 2.10 | |
THW | D | 12.75 | -1.38 | 186,436 | 1.86 | |
FBP | C | 19.31 | -5.36 | 1,652,027 | 1.80 | |
CNC | F | 59.82 | -2.03 | 6,302,715 | 1.45 | |
MPA | C | 12.16 | -1.46 | 24,006 | 1.26 | |
MPC | F | 153.76 | -2.83 | 3,437,673 | 1.25 | |
FIGB | D | 43.00 | -0.36 | 33,601 | 1.00 | |
MUSA | D | 473.27 | -0.31 | 127,765 | 0.80 | |
MCFT | F | 16.23 | -2.93 | 118,451 | 0.80 | |
FMY | D | 12.06 | -0.14 | 11,975 | 0.79 | |
MYGN | F | 22.32 | -1.33 | 486,249 | 0.78 | |
SFB | D | 22.59 | -1.35 | 12,527 | 0.75 | |
BSCW | D | 20.42 | -0.20 | 80,933 | 0.64 | |
CATF | D | 50.04 | -0.68 | 5,877 | 0.61 | |
DFCA | C | 50.13 | -0.35 | 10,755 | 0.42 |
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