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Leading Pullback Setups For August 12
http://www.tigersharktrading.com/articles/26021/1/Leading-Pullback-Setups-For-August-12/Page1.html
By Pullback Trader
Published on 08/9/2013
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For August 12

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.

CAG Conagra Foods
CCL Carnival Corp
JNJ Johnson & Johnson
MCHP Microchip Technology
NEE NextEra Energy Inc
NQ NQ Mobile 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.

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.