Which trending stocks are forming orderly pullbacks? POR, KIM, and PKG 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.
AIV Apartment Investment & Mgmt'A'
ETE Energy Transfer Equity L.P.
KIM Kimco Realty
MBT Mobile Telesystems OJSC ADS
NGLS Targa Res Ptnrs LP Units
NTES Netease Inc Ads
PKG Packaging Corp America
POR Portland General Electric
SIVB SVB Financial Group
VMED Virgin Media Inc
WNR Western Refining Inc
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.
HUM Humana Inc
SCSS Select Comfort
Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.