Which trending stocks are forming orderly pullbacks? SNDK, TRV, and JAH 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.
AGO Assured Guaranty
BBG Bill Barrett Corporation
BMR BioMed Realty Trust Inc
ENOC EnerNOC Inc
IR Ingersoll-Rand Plc
JAH Jarden Corp
OI Owens-Illinois
PRGO Perrigo Co
SNDK SanDisk Corp
TRV The Travelers Companies Inc
Z Zillow Inc Cl A
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.
TCO Taubman Centers
ULTA Ulta Salon Cosmetics&Fragrance
Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.