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.
ALR Alere Inc.,
CAB Cabela's Inc
CAT Caterpillar Inc
LBTYA Liberty Global plc Cl A
RCL Royal Caribbean Cruises
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.
GME Gamestop Corp 'A'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.