CHK, HES, UNP Lead Pullback Setups For March 21

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By Pullback Trader | Published 03/20/2013 | Stocks | Unrated

CHK, HES, UNP Lead Pullback Setups For March 21

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.

CHK Chesapeake Energy
HES Hess Corporation
NDAQ NASDAQ OMX Group Inc
PTEN Patterson-UTI Energy
RWT Redwood Trust
UNP Union Pacific Corporation
XEC Cimarex Energy

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.

EZCH EZchip Semiconductor Ltd
ULTA Ulta Salon Cosmetics&Fragrance

Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.