Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For August 15
http://www.tigersharktrading.com/articles/26059/1/Leading-Pullback-Setups-For-August-15/Page1.html
By Pullback Trader
Published on 08/14/2013
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For August 15

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.

ALTR Altera Corp.
BEAV B/E Aerospace
CXO Concho Resources Inc
FB Facebook Inc
FNSR Finisar Corporation
GD General Dynamics Corp
JNY The Jones Group
LPI Laredo Petroleum Holdings Inc
LYV Live Nation Entertainment
RGR Sturm Ruger

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.

BJRI BJ's Restaurants Inc
IBN Icici Bank ADS

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.