Which trending stocks are forming orderly pullbacks? BBY, SIX, and WTI 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.
BBY Best Buy
SIX Six Flags Entertainment Corp
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.
ARIA Ariad Pharmaceuticals
EXPD Expeditors Intl of Washington
TIBX Tibco Software
WTI W&T Offshore Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.