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.
AMTD TD Ameritrade Holding Corp
BITA Bitauto Holdings Ltd
CBOE CBOE Holdings Inc
EFX Equifax Inc
JNJ Johnson & Johnson
PBI Pitney Bowes
PFE Pfizer Inc
WAG Walgreen Co
XOM Exxon Mobil
XRAY Dentsply Intl
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.
ANGI Angie's List Inc
CRUS Cirrus Logic
SLAB Silicon Laboratories
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.