Set Up: Redline

Class: Bearish, Day, Reversal, Early

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This search identifies stocks that have recently rallied and are now reversing lower on an expanded daily range. Read all of the tutorials to get a feel for what you should be looking for and then view the symbols to find stocks that conform to this Set-up.

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Search Criteria: Redline

  • The average daily range has expanded recently.
  • The average daily volume is greater than 300,000 shares.
  • The stock has opened near its daily high and is trading near its daily low.
  • The stock has traded higher the last 10 days relative to the last 30 days.
  • The stock has traded higher the last 5 days relative to the prior 10 days.
  • The last trade is lower than the 5 day low as of yesterday.
  • The stock is currently trading below yesterday’s close.
Part 1 | 2 | 3 | 4 | 5 | 6 more pages...