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.
AGN Allergan, Inc
ABC AmeriSourceBergen Corp
DAL Delta Airlines Inc
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.
LNCO Linn Co LLC
MRO Marathon Oil Corp
PBR.A Petroleo Brasileiro Pfd ADS
WPX WPX Energy Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.