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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 | |
---|---|---|---|---|---|---|
MOH | F | 275.00 | -3.16 | 1,651,645 | 3.03 | |
WFRD | F | 81.16 | -3.35 | 2,737,896 | 2.99 | |
AVY | F | 207.65 | -2.23 | 1,019,756 | 2.10 | |
FBP | C | 19.31 | -5.36 | 1,652,027 | 1.80 | |
CNC | F | 59.82 | -2.03 | 6,302,715 | 1.45 | |
MPC | F | 153.76 | -2.83 | 3,437,673 | 1.25 | |
MYGN | F | 22.32 | -1.33 | 486,249 | 0.78 |
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