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.
AON Aon Plc
BRFS BRF SA
CGNX Cognex Corp
GT Goodyear Tire & Rub
MMC Marsh & McLennan Companies Inc
NFX Newfield Exploration
PDCE PDC Energy Inc
WAG Walgreen Co
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.