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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 | |
---|---|---|---|---|---|---|
SNAP | F | 12.81 | -3.83 | 61,997,864 | 3.32 | |
FORM | D | 47.25 | -11.78 | 1,974,451 | 2.98 | |
INMD | F | 16.57 | -8.55 | 3,291,405 | 2.52 | |
HIMS | C | 18.51 | -12.85 | 26,771,004 | 2.50 | |
SQ | F | 59.90 | -3.20 | 12,886,540 | 1.80 | |
TER | D | 121.74 | -7.18 | 3,948,868 | 1.76 | |
BIIB | F | 210.70 | -1.17 | 1,819,871 | 1.74 | |
DVN | F | 45.06 | -4.19 | 9,732,587 | 1.62 | |
COP | F | 108.39 | -2.53 | 9,703,802 | 1.55 | |
TTD | D | 87.75 | -2.37 | 3,723,560 | 1.14 | |
SHOP | F | 58.17 | -4.95 | 9,567,022 | 1.04 | |
DLB | F | 77.05 | -2.17 | 358,390 | 0.94 | |
HOOD | D | 20.24 | -1.60 | 13,089,550 | 0.82 |
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