17 lines
556 B
Markdown
17 lines
556 B
Markdown
# Intraday Weakness
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This strategy was taken from chapter 8 of [Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.
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## Rules
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1. Stock closes at a 10-period low and is above its 200-day simple moving average.
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2. Average volume over the past 100 days is at least 250,000 shares per day.
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3. Price is greater than $5 per share.
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4. Buy on the close.
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5. Exit on the close 5 trading days later.
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**Bonus**:
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In addition, buy on a limit the next day 1/3/5/7/10% lower.
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