I developed a new scan over the weekend. The results visually appear different from some of the other candidates I have identified. The objective of this scan is to still find stocks that are in down trends, but trends that are in earlier stages of development.
I will likely short this stock today depending on how it looks at the end of the trading day. Because it is a relatively low volume stock, I may need to purchase puts instead, since my broker needs to be able to borrow the stock.