LEA appeared on our Two Day Low Short scanner a few minutes after the open. The stock had a significant selloff followed by two small range inside days as shown in the daily chart above.
When LEA traded below the two day low of $115.84, the trade was triggered. There was also a second trade entry at $114.04, a penny below the 4rth 5 minute bar as shown on the 5 minute chart above. LEA traded down to a low of $110.77.
Our Two Day Low Short scanner is just one of our profitable scanners. This scanner doesn’t just look at the past two days of trading. It also looks at the past 30 days of trading for very specific patterns. If you would like to be alerted to trades like these, we offer a 7 day free trial.