Monday, October 30, 2006

Dummy Trade of the Day - Entercom Communications Corp. (Public, NYSE:ETM)

ETM was picked up on my gapper scan and it had all of the key elements that I look for in a gapper setup: high volume relative to the previous four sessions; fairly narrow gap consolidation while the MA catches up to price; and continuation following a test of the OR high. That continuation bar was my entry. My exit was the first lower high following the evening star reversal top.


eR0CKing said...

What do you use for your gap scan? I'm looking for a gap scanner that's free and web-based ... any suggestions?


Jamie said...

Hi Erich,

I believe that has a free scanner or at least a free trial. I use Trade-Ideas and, neither of which are free.