Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
HNT, HUM, JNJ Lead Pullback Setups For April 9
http://www.tigersharktrading.com/articles/24842/1/HNT-HUM-JNJ-Lead-Pullback-Setups-For-April-9/Page1.html
By Pullback Trader
Published on 04/8/2013
 

Which trending stocks are forming orderly pullbacks? HNT, HUM, and JNJ are three stocks on the pullback watch list. Click for the entire list.

HNT, HUM, JNJ Lead Pullback Setups For April 9

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.

HNT Health Net Inc
HUM Humana Inc
JNJ Johnson & Johnson
WLP WellPoint 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.

AGU Agrium Inc
BHP BHP Billiton Ltd ADR
CRUS Cirrus Logic
EXPD Expeditors Intl of Washington
TX Ternium S.A.

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.