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.
GDOT Green Dot Corporation
NUE Nucor Corp
X U.S. Steel Corporation
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.
AN AutoNation Inc
CONN Conn's Inc
KAR KAR Auction Svcs Inc
KERX Keryx Biopharmaceuticals
SBGI Sinclair Broadcast Grp'A'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.