Which trending stocks are forming orderly pullbacks? DNKN, LPX and NSM are three stocks on the pullback watch list. Click for the entire list.
Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
ATI Allegheny Technologies
AVY Avery Dennison Corp
BWA Borg Warner
CVG Convergys Corp
DNKN Dunkin' Brands Group Inc
ENS Enersys
EW Edwards Lifesciences
FLIR Flir Systems
LPX Louisiana-Pacific
NSM Nationstar Mortgage Holdings
TTM Tata Motors Ltd
Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
NONE
Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.