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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 | |
---|---|---|---|---|---|---|
BNRG | F | 1.27 | -9.93 | 10,661,292 | 22.86 | |
DOMA | C | 5.87 | -2.49 | 380,210 | 6.39 | |
SHPW | F | 1.02 | -1.92 | 50,089 | 3.55 | |
MLAB | D | 95.70 | -13.28 | 121,699 | 3.39 | |
DOOO | F | 62.50 | -5.82 | 365,036 | 2.73 | |
MYMD | F | 1.86 | -6.06 | 502,413 | 1.66 | |
STXS | F | 1.93 | -3.98 | 568,331 | 1.64 | |
HTZ | F | 4.36 | -5.42 | 11,882,309 | 1.59 | |
JZ | F | 2.09 | -1.22 | 11,285 | 1.31 | |
PLMI | D | 10.86 | -3.04 | 15,067 | 0.96 | |
EFTR | F | 1.60 | -5.88 | 203,497 | 0.49 | |
MINN | F | 21.55 | -0.09 | 1,237 | 0.43 |
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