Which trending stocks are forming orderly pullbacks?
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.
ALL Allstate Corp
AMGN Amgen Inc
APA Apache Corp
BBY Best Buy
BMRN Biomarin Pharmaceutical
GRA Grace (W.R.) & Co
LAZ Lazard Ltd
MA Mastercard Incorporated
MON Monsanto Co
NUE Nucor Corp
REGN Regeneron Pharmaceuticals
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.